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Encanto Potash (Encanto Potash) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)


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What is Encanto Potash Long-Term Capital Lease Obligation?

Encanto Potash's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.


Encanto Potash Long-Term Capital Lease Obligation Historical Data

The historical data trend for Encanto Potash'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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Encanto Potash Long-Term Capital Lease Obligation Chart

Encanto Potash Annual Data
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Long-Term Capital Lease Obligation
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Encanto Potash Quarterly Data
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Encanto Potash  (OTCPK:ENCTF) 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.

Encanto Potash Long-Term Capital Lease Obligation Related Terms

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Encanto Potash (Encanto Potash) Business Description

Traded in Other Exchanges
Address
3123 - 595 Burrard Street, Vancouver, BC, CAN, V7X 1J1
Encanto Potash Corp is a Canadian-based company involved in the industrial metals and mining business sector. The company is engaged in the exploration and development of potash properties in the Province of Saskatchewan. It focuses on the Muskowekwan First Nation potash mineral deposits located on the reserve lands approximately 100 km north of Regina, Saskatchewan.

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