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Sixty North Gold Mining (XCNQ:SXTY) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jan. 2024)


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What is Sixty North Gold Mining Long-Term Capital Lease Obligation?

Sixty North Gold Mining's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil.


Sixty North Gold Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sixty North Gold Mining'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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Sixty North Gold Mining Long-Term Capital Lease Obligation Chart

Sixty North Gold Mining Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Long-Term Capital Lease Obligation
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Sixty North Gold Mining Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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Sixty North Gold Mining  (XCNQ:SXTY) 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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Sixty North Gold Mining (XCNQ:SXTY) Business Description

Traded in Other Exchanges
Address
1909 - 108 West Cordova Street, Vancouver, BC, CAN, V6B 0G5
Sixty North Gold Mining Ltd is engaged in the acquisition and exploration of mineral property assets. The company entered into a mineral property earn-in agreement with New Discovery Mines. The projects of the company include Mon Gold Property and Hangstone Property.
Executives
Norman John Campbell Director, Senior Officer

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