Goldgroup Mining (Goldgroup Mining) Long-Term Capital Lease Obligation : $0.03 Mil (As of Dec. 2023)

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What is Goldgroup Mining Long-Term Capital Lease Obligation?

Goldgroup Mining's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.03 Mil.

Goldgroup Mining's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.04 Mil) to Sep. 2023 ($0.03 Mil) and declined from Sep. 2023 ($0.03 Mil) to Dec. 2023 ($0.03 Mil).

Goldgroup Mining's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.11 Mil) to Dec. 2022 ($0.08 Mil) and declined from Dec. 2022 ($0.08 Mil) to Dec. 2023 ($0.03 Mil).

Goldgroup Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for Goldgroup 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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Goldgroup Mining Long-Term Capital Lease Obligation Chart

Goldgroup Mining Annual Data

Trend

Dec14

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Dec18

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Dec20

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Dec23

Long-Term Capital Lease Obligation

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0.04

0.11

0.08

0.03

Goldgroup Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.08	0.06	0.04	0.03	0.03

Goldgroup Mining (OTCPK:GGAZF) 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.

Goldgroup Mining Long-Term Capital Lease Obligation Related Terms

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Goldgroup Mining (Goldgroup Mining) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldgroup Mining Inc (OTCPK:GGAZF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

GGA:Mexico 55G0:Germany GGA:Canada

Address

1166 Alberni Street, Suite 1201, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.goldgroupmining.com

Goldgroup Mining Inc is a Canadian-based gold production, development, and exploration company with an upside in a portfolio of projects in Mexico, including an interest in DynaResource de Mexico, S.A. de C.V., which owns 100% of the high-grade gold exploration project, San Jose de Gracia, located in the State of Sinaloa. In addition, the company operates its 100%-owned Cerro Prieto heap-leach gold mine, in the State of Sonora, Mexico.