Detour Gold (Detour Gold) Long-Term Capital Lease Obligation : $10.2 Mil (As of Sep. 2019)

View and export this data going back to . Start your Free Trial

What is Detour Gold Long-Term Capital Lease Obligation?

Detour Gold's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2019 was $10.2 Mil.

Detour Gold's quarterly Long-Term Capital Lease Obligation declined from Mar. 2019 ($10.5 Mil) to Jun. 2019 ($9.5 Mil) but then increased from Jun. 2019 ($9.5 Mil) to Sep. 2019 ($10.2 Mil).

Detour Gold Long-Term Capital Lease Obligation Historical Data

The historical data trend for Detour 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.

* Premium members only.

Detour Gold Long-Term Capital Lease Obligation Chart

Detour Gold Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

Detour Gold Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	10.50	9.50	10.20

Detour Gold (OTCPK:DRGDF) 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.

Detour Gold Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Detour Gold's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Detour Gold (Detour Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Detour Gold Corp (OTCPK:DRGDF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

199 Bay Street, Suite 4100, PO Box 121, Commerce Court West, Toronto, ON, CAN, M5L 1E2

Website

http://www.detourgold.com

Detour Gold Corp is a Canada-based intermediate gold miner. The company's primary investment is its 100% interest in the Detour Lake mine, a long-life large-scale open pit mine in northeastern Ontario, roughly 300 kilometers northeast of Timmins and 185 kilometers northeast of Cochrane. The Detour Lake mine is an open-pit operation consisting of a contiguous block of mining claims and leases totaling about 625 square kilometers in the District of Cochrane and is one of the largest gold-producing mines in Canada.

Detour Gold (Detour Gold) Headlines

From GuruFocus

DETOUR GOLD ALERT: Bragar Eagel & Squire, P.C. Investigates Proposed Sale of DRGDF and Encourages Investors to Contact the Firm

By PRNewswire PRNewswire • 11-25-2019

First Eagle Gold Fund Comments on Detour Gold

By Sydnee Gatewood Sydnee Gatewood • 01-31-2020

Gabelli Funds Comments on Detour Gold

By Holly LaFon Holly LaFon • 11-17-2016