Guyana Goldfields (Guyana Goldfields) Long-Term Capital Lease Obligation : $1.5 Mil (As of Jun. 2020)

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What is Guyana Goldfields Long-Term Capital Lease Obligation?

Guyana Goldfields's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2020 was $1.5 Mil.

Guyana Goldfields's quarterly Long-Term Capital Lease Obligation increased from Dec. 2019 ($0.0 Mil) to Mar. 2020 ($1.6 Mil) but then declined from Mar. 2020 ($1.6 Mil) to Jun. 2020 ($1.5 Mil).

Guyana Goldfields Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guyana Goldfields'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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Guyana Goldfields Long-Term Capital Lease Obligation Chart

Guyana Goldfields Annual Data

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Long-Term Capital Lease Obligation

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Guyana Goldfields Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.90	2.56	-	1.64	1.49

Guyana Goldfields (OTCPK:GUYFF) 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.

Guyana Goldfields Long-Term Capital Lease Obligation Related Terms

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Guyana Goldfields (Guyana Goldfields) Business Description

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

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Address

375 University Avenue, Suite 802, Toronto, ON, CAN, M5G2J5

Website

https://www.guygold.com

Guyana Goldfields Inc is a Canadian based mid-tier gold producer focused on the exploration, development, and operation of gold deposits in Guyana, South America. The company's primary operation is the Aurora Gold Mine.

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