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Goldstorm Metals (Goldstorm Metals) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2023)


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What is Goldstorm Metals Long-Term Capital Lease Obligation?

Goldstorm Metals's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil.

Goldstorm Metals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Goldstorm Metals'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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Goldstorm Metals Long-Term Capital Lease Obligation Chart

Goldstorm Metals Annual Data
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Long-Term Capital Lease Obligation
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Goldstorm Metals Quarterly Data
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Goldstorm Metals  (OTCPK:GSTMF) 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.

Goldstorm Metals Long-Term Capital Lease Obligation Related Terms

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Goldstorm Metals (Goldstorm Metals) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldstorm Metals Corp (OTCPK:GSTMF) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
B2U:Germany GSTM:Canada
Address
999 West Hastings Street, Suite 789, Vancouver, BC, CAN, V6C 2W2
Website
https://www.goldstormmetals.com
Goldstorm Metals Corp is a metal exploration company. The company is a New Precious Metals Explorer in the Golden Triangle of British Columbia that hosts gold deposits in world. The company is involved in the acquisition and exploration of mineral properties in Canada focused on Crown projects.

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