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Mosaic Minerals (XCNQ:MOC) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2024)


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What is Mosaic Minerals Long-Term Capital Lease Obligation?

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


Mosaic Minerals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mosaic 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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Mosaic Minerals Long-Term Capital Lease Obligation Chart

Mosaic Minerals Annual Data
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Long-Term Capital Lease Obligation
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Mosaic Minerals Quarterly Data
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Mosaic Minerals  (XCNQ:MOC) 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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Mosaic Minerals (XCNQ:MOC) Business Description

Traded in Other Exchanges
N/A
Address
410 St-Nicolas, Suite 236, Montreal, QC, CAN, H2Y2P5
Mosaic Minerals Corp specializes in the exploration of gold and lithium mining sites located in the province of Quebec, Canada. It has focused on the research, exploration, and development of base metal projects focusing on copper and nickel. The company's project portfolio includes Lithium projects, Gaboury, Lichen, and 113 North.
Executives
Maurice Giroux 10% Security Holder, Director, Senior Officer