GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » McFarlane Lake Mining Ltd (OTCPK:MLMLF) » Definitions » Long-Term Capital Lease Obligation

McFarlane Lake Mining (McFarlane Lake Mining) Long-Term Capital Lease Obligation : $0.00 Mil (As of Feb. 2024)


View and export this data going back to 2022. Start your Free Trial

What is McFarlane Lake Mining Long-Term Capital Lease Obligation?

McFarlane Lake Mining's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.00 Mil.

McFarlane Lake Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for McFarlane Lake 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.

* Premium members only.

McFarlane Lake Mining Long-Term Capital Lease Obligation Chart

McFarlane Lake Mining Annual Data
Trend Aug22 Aug23
Long-Term Capital Lease Obligation
- -

McFarlane Lake Mining Quarterly Data
Jun21 Sep21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - -

McFarlane Lake Mining  (OTCPK:MLMLF) 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.

McFarlane Lake Mining Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of McFarlane Lake Mining's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

McFarlane Lake Mining (McFarlane Lake Mining) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » McFarlane Lake Mining Ltd (OTCPK:MLMLF) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
TSXV:NUG TSXV:ANK TSXV:SRC TSXV:KG TSXV:OMG TSXV:OPHR XCNQ:PMC XCNQ:BLLG TSXV:GMV TSXV:VAU SHSE:601899 NEM TSX:ABX TSX:FNV TSX:AEM TSX:WPM MIC:PLZL ASX:NCM SHSE:600547 JSE:GFI
Traded in Other Exchanges
MLM:Canada
Address
15 Kincora Court, Sudbury, ON, CAN, P3E 2B9
Website
https://www.mcfarlanelakemining.com
McFarlane Lake Mining Ltd is a gold exploration and development company currently engaged in the acquisition & assessment of gold properties. Its properties include High Lake, West Hawk Lake, Munro, and McMillan. The company has acquired six gold properties. It is a Canadian gold exploration and development company.