QMC Quantum Minerals (QMC Quantum Minerals) Long-Term Capital Lease Obligation : $0.00 Mil (As of Feb. 2024)

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What is QMC Quantum Minerals Long-Term Capital Lease Obligation?

QMC Quantum Minerals's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.00 Mil.

QMC Quantum Minerals Long-Term Capital Lease Obligation Historical Data

The historical data trend for QMC Quantum Minerals'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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QMC Quantum Minerals Long-Term Capital Lease Obligation Chart

QMC Quantum Minerals Annual Data

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Long-Term Capital Lease Obligation

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QMC Quantum Minerals Quarterly Data
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QMC Quantum Minerals (OTCPK:QMCQF) 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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QMC Quantum Minerals (QMC Quantum Minerals) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » QMC Quantum Minerals Corp (OTCPK:QMCQF) » Definitions » Long-Term Capital Lease Obligation

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QMC:Canada

Address

755 Burrard Street, Suite 440, Vancouver, BC, CAN, V6Z 1X6

Website

https://www.qmcminerals.com

QMC Quantum Minerals Corp is a company engaged in the acquisition, exploration and development of resource properties. Its objective is to acquire, locate and develop economic deposits within the company's precious, base, rare metal resource properties of merit. The company's properties include the Irgon Lithium Mine Project, the Rocky Lake property, Rocky-Namew and Namew Lake properties.