Stornoway Diamond (Stornoway Diamond) Long-Term Capital Lease Obligation : $0.0 Mil (As of Jun. 2019)

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What is Stornoway Diamond Long-Term Capital Lease Obligation?

Stornoway Diamond's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2019 was $0.0 Mil.

Stornoway Diamond's quarterly Long-Term Capital Lease Obligation increased from Dec. 2018 ($0.0 Mil) to Mar. 2019 ($25.9 Mil) but then declined from Mar. 2019 ($25.9 Mil) to Jun. 2019 ($0.0 Mil).

Stornoway Diamond Long-Term Capital Lease Obligation Historical Data

The historical data trend for Stornoway Diamond'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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Stornoway Diamond Long-Term Capital Lease Obligation Chart

Stornoway Diamond Annual Data

Trend

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Long-Term Capital Lease Obligation

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Stornoway Diamond Quarterly Data
	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															22.62	27.19	-	25.92	-

Stornoway Diamond (OTCPK:SWYDF) 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.

Stornoway Diamond Long-Term Capital Lease Obligation Related Terms

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Stornoway Diamond (Stornoway Diamond) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Stornoway Diamond Corp (OTCPK:SWYDF) » Definitions » Long-Term Capital Lease Obligation

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Address

1111 St. Charles Street West, Tour Ouest, Suite 400, Longueuil, QC, CAN, J4K 5G4

Website

http://www.stornowaydiamonds.com

Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.

Stornoway Diamond (Stornoway Diamond) Headlines

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Stornoway Announces the Departure of Patrick Godin and Annie Torkia Lagacé, as Well as the Appointment of Patrick Sévigny as the Corporation's Chief Operating Officer

By GlobeNewswire GlobeNewswire • 06-25-2020

Stornoway Diamond's 2016 Financial Report Reaffirms Its Position in the Industry

By Lovisa Alvin Lovisa Alvin • 02-27-2017

Stornoway Announces Board Appointment

By GlobeNewswire GlobeNewswire • 06-13-2018

Stornoway Announces Recommencement of Renard Mine Operations

By GlobeNewswire GlobeNewswire • 07-04-2018

Stornoway Receives Notice of Delisting Review by TSX

By GlobeNewswire GlobeNewswire • 08-22-2019

Stornoway Granted Approval and Vesting Order

By GlobeNewswire GlobeNewswire • 10-07-2019