Pegmatite One Lithium and Gold (XCNQ:PGA) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Feb. 2024)

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What is Pegmatite One Lithium and Gold Long-Term Capital Lease Obligation?

Pegmatite One Lithium and Gold's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil.

Pegmatite One Lithium and Gold Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pegmatite One Lithium and Gold'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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Pegmatite One Lithium and Gold Long-Term Capital Lease Obligation Chart

Pegmatite One Lithium and Gold Annual Data

Trend

Aug21

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Long-Term Capital Lease Obligation

Pegmatite One Lithium and Gold Quarterly Data
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Pegmatite One Lithium and Gold (XCNQ:PGA) 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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Pegmatite One Lithium and Gold (XCNQ:PGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pegmatite One Lithium and Gold Corp (XCNQ:PGA) » Definitions » Long-Term Capital Lease Obligation

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Address

789 West Pender Street, Suite 1240, Vancouver, BC, CAN, V6C 1H2

Website

https://www.madiminerals.com

Pegmatite One Lithium and Gold Corp, formerly Madi Minerals Ltd is focused entirely on gold exploration in British Columbia. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration. The company includes two projects in the there portfolio: the Georgina Project and Morrison River Property.

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