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Noble Mineral Exploration (Noble Mineral Exploration) Long-Term Capital Lease Obligation : $0.00 Mil (As of Feb. 2024)


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What is Noble Mineral Exploration Long-Term Capital Lease Obligation?

Noble Mineral Exploration's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.00 Mil.

Noble Mineral Exploration Long-Term Capital Lease Obligation Historical Data

The historical data trend for Noble Mineral Exploration'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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Noble Mineral Exploration Long-Term Capital Lease Obligation Chart

Noble Mineral Exploration Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Long-Term Capital Lease Obligation
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Noble Mineral Exploration Quarterly Data
Aug18 Nov18 Feb19 May19 Aug19 Nov19 Aug20 Nov20 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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Noble Mineral Exploration  (OTCPK:NLPXF) 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.

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Noble Mineral Exploration (Noble Mineral Exploration) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noble Mineral Exploration Inc (OTCPK:NLPXF) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1
Website
http://www.noblemineralexploration.com
Noble Mineral Exploration Inc is a Canadian-based junior exploration company that is engaged in the mineral exploration and evaluation business. The company's projects include Project 81, Holdsworth Property, and other projects. It has exploration and development interests in Northern Ontario and Quebec that are drill-ready. The company has a single reporting operating segment engaged in the exploration and evaluation of mineral resource.