Wealth Minerals (TSXV:WML) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Feb. 2024)

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What is Wealth Minerals Long-Term Capital Lease Obligation?

Wealth Minerals's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil.

Wealth Minerals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wealth Minerals's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Wealth Minerals Long-Term Capital Lease Obligation Chart

Wealth Minerals Annual Data

Trend

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Long-Term Capital Lease Obligation

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Wealth Minerals Quarterly Data
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Wealth Minerals (TSXV:WML) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Wealth Minerals (TSXV:WML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wealth Minerals Ltd (TSXV:WML) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

WMLLF:USA EJZN:Germany

Address

200 Granville Street, Suite 2710, Vancouver, BC, CAN, V6C 1S4

Website

https://www.wealthminerals.com

Wealth Minerals Ltd is an operator of a mineral resource company intended to serve in metals and minerals. The company's business activity is the exploration of minerals and the development of exploration and evaluation assets and includes other project portfolios, thereby focusing on the acquisition and development of lithium projects. The company operates in one industry segment, being mineral resources industry.

Executives

David Lies

Director

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