Resource Capital Gold (Resource Capital Gold) Long-Term Capital Lease Obligation : $0.13 Mil (As of Sep. 2018)

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What is Resource Capital Gold Long-Term Capital Lease Obligation?

Resource Capital Gold's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2018 was $0.13 Mil.

Resource Capital Gold's quarterly Long-Term Capital Lease Obligation declined from Mar. 2018 ($0.38 Mil) to Jun. 2018 ($0.20 Mil) and declined from Jun. 2018 ($0.20 Mil) to Sep. 2018 ($0.13 Mil).

Resource Capital Gold's annual Long-Term Capital Lease Obligation increased from Jun. 2016 ($0.00 Mil) to Jun. 2017 ($0.34 Mil) but then declined from Jun. 2017 ($0.34 Mil) to Jun. 2018 ($0.20 Mil).

Resource Capital Gold Long-Term Capital Lease Obligation Historical Data

The historical data trend for Resource Capital 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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Resource Capital Gold Long-Term Capital Lease Obligation Chart

Resource Capital Gold Annual Data

Trend

Apr09

Apr10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Long-Term Capital Lease Obligation

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0.34

0.20

Resource Capital Gold Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.33	0.29	0.38	0.20	0.13

Resource Capital Gold (OTCPK:GDPEF) 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.

Resource Capital Gold Long-Term Capital Lease Obligation Related Terms

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Resource Capital Gold (Resource Capital Gold) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 3P6

Website

http://www.rcgcorp.ca

Resource Capital Gold Corp is a precious-metals developer and producer. The company has the pipeline of late-stage exploration, development and producing gold-silver assets in North America. The company is currently focusing on Dufferin Gold Mine and mill in Nova Scotia. It is also advancing the Corcoran Canyon, Tangier and Forest Hill gold-silver projects. Its mineral operations are located in Canada and the United States of America.

Resource Capital Gold (Resource Capital Gold) Headlines

From GuruFocus

Resource Capital Gold: Board of Director Resignation

By GlobeNewswire GlobeNewswire • 11-03-2018

Resource Capital Gold Closes Second Tranche of Non-Brokered Financing

By GlobeNewswire GlobeNewswire • 03-16-2018

Resource Capital Gold Corp Announces Filing For Stay Of Proceedings On Creditors

By GlobeNewswire GlobeNewswire • 01-30-2019