Premier Gold Mines (Premier Gold Mines) Long-Term Capital Lease Obligation : $0.10 Mil (As of Dec. 2020)

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What is Premier Gold Mines Long-Term Capital Lease Obligation?

Premier Gold Mines's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2020 was $0.10 Mil.

Premier Gold Mines's quarterly Long-Term Capital Lease Obligation declined from Jun. 2020 ($0.16 Mil) to Sep. 2020 ($0.13 Mil) and declined from Sep. 2020 ($0.13 Mil) to Dec. 2020 ($0.10 Mil).

Premier Gold Mines's annual Long-Term Capital Lease Obligation increased from Dec. 2018 ($0.00 Mil) to Dec. 2019 ($0.12 Mil) but then declined from Dec. 2019 ($0.12 Mil) to Dec. 2020 ($0.10 Mil).

Premier Gold Mines Long-Term Capital Lease Obligation Historical Data

The historical data trend for Premier Gold Mines'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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Premier Gold Mines Long-Term Capital Lease Obligation Chart

Premier Gold Mines Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Long-Term Capital Lease Obligation

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0.12

0.10

Premier Gold Mines Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.12	0.18	0.16	0.13	0.10

Premier Gold Mines (OTCPK:PIRGF) 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.

Premier Gold Mines Long-Term Capital Lease Obligation Related Terms

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Premier Gold Mines (Premier Gold Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Premier Gold Mines Ltd (OTCPK:PIRGF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

1100 Russell Street, Suite 200, Thunder Bay, ON, CAN, P7B 5N2

Website

http://www.premiergoldmines.com

Premier Gold Mines Ltd is a mineral exploration company focused on the exploration and development of gold and silver. The company's projects portfolio includes South Arturo Property, Mercedes mine, Hardrock Gold Project, Rahill-Bonanza Property, McCoy Cove gold Property, Hasaga gold properties, and Rodeo Creek. Its operating segment includes Mercedes; and South Arturo. The company generates maximum revenue from the Mercedes mine segment. It operates in three geographical areas namely Canada, the United States, and Mexico of which Mexico derives a majority of revenue to the company.

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