Slam Exploration (Slam Exploration) Long-Term Capital Lease Obligation : $0.00 Mil (As of Oct. 2023)

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What is Slam Exploration Long-Term Capital Lease Obligation?

Slam Exploration's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil.

Slam Exploration's quarterly Long-Term Capital Lease Obligation declined from Apr. 2023 ($0.01 Mil) to Jul. 2023 ($0.01 Mil) and declined from Jul. 2023 ($0.01 Mil) to Oct. 2023 ($0.00 Mil).

Slam Exploration's annual Long-Term Capital Lease Obligation increased from Jan. 2021 ($0.00 Mil) to Jan. 2022 ($0.02 Mil) but then declined from Jan. 2022 ($0.02 Mil) to Jan. 2023 ($0.01 Mil).

Slam Exploration Long-Term Capital Lease Obligation Historical Data

The historical data trend for Slam 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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Slam Exploration Long-Term Capital Lease Obligation Chart

Slam Exploration Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Long-Term Capital Lease Obligation

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0.02

0.01

Slam Exploration Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	-

Slam Exploration (OTCPK:SLMXF) 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.

Slam Exploration Long-Term Capital Lease Obligation Related Terms

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Slam Exploration (Slam Exploration) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Slam Exploration Ltd (OTCPK:SLMXF) » Definitions » Long-Term Capital Lease Obligation

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SXL:Canada

Address

295 Hutchison Drive, Miramichi, NB, CAN, E1V 6C7

Website

https://www.slamexploration.com

Slam Exploration Ltd is a mineral resource company. Principally, it is engaged in the acquisition, exploration, and development of exploration and evaluation properties in New Brunswick, Nova Scotia, and Ontario, Canada. Some of the company's properties are Menneval Gold Project, Mt. Victor Property, and others.