Hi Ho Silver Resources (Hi Ho Silver Resources) Long-Term Capital Lease Obligation : $0.07 Mil (As of Apr. 2021)

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What is Hi Ho Silver Resources Long-Term Capital Lease Obligation?

Hi Ho Silver Resources's Long-Term Capital Lease Obligation for the quarter that ended in Apr. 2021 was $0.07 Mil.

Hi Ho Silver Resources's quarterly Long-Term Capital Lease Obligation declined from Oct. 2020 ($0.08 Mil) to Jan. 2021 ($0.08 Mil) and declined from Jan. 2021 ($0.08 Mil) to Apr. 2021 ($0.07 Mil).

Hi Ho Silver Resources's annual Long-Term Capital Lease Obligation stayed the same from Jul. 2018 ($0.00 Mil) to Jul. 2019 ($0.00 Mil) but then increased from Jul. 2019 ($0.00 Mil) to Jul. 2020 ($0.08 Mil).

Hi Ho Silver Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hi Ho Silver Resources'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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Hi Ho Silver Resources Long-Term Capital Lease Obligation Chart

Hi Ho Silver Resources Annual Data

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Long-Term Capital Lease Obligation

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0.08

Hi Ho Silver Resources Quarterly Data
	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.09	0.08	0.08	0.08	0.07

Hi Ho Silver Resources (OTCPK:HHSRF) 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.

Hi Ho Silver Resources Long-Term Capital Lease Obligation Related Terms

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Hi Ho Silver Resources (Hi Ho Silver Resources) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hi Ho Silver Resources Inc (OTCPK:HHSRF) » Definitions » Long-Term Capital Lease Obligation

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Address

Maple Ridge Square, P.O. Box 21199, Maple Ridge, BC, CAN, V2X 1P7

Website

http://www.hihoresources.com

Hi Ho Silver Resources Inc is a Canadian based exploration company. It is engaged in the acquisition and exploration of mineral properties in British Columbia, Newfoundland, Labrador, and California. The company holds an interest in Norbeau Gold Property, Fairview South Okanagan Property, and Illite Clay project.

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