Silver Spruce Resources (Silver Spruce Resources) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jan. 2024)

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

What is Silver Spruce Resources Long-Term Capital Lease Obligation?

Silver Spruce Resources's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil.

Silver Spruce Resources's annual Long-Term Capital Lease Obligation declined from Oct. 2021 ($0.02 Mil) to Oct. 2022 ($0.00 Mil) and declined from Oct. 2022 ($0.00 Mil) to Oct. 2023 ($0.00 Mil).

Silver Spruce Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Silver Spruce Resources'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.

Silver Spruce Resources Long-Term Capital Lease Obligation Chart

Silver Spruce Resources Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

0.02

Silver Spruce Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Silver Spruce Resources (OTCPK:SSEBF) 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.

Silver Spruce Resources Long-Term Capital Lease Obligation Related Terms

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

Silver Spruce Resources (Silver Spruce Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver Spruce Resources Inc (OTCPK:SSEBF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

S6Q1:Germany SSE:Canada

Address

1600 Bedford Highway, Suite 440, Bedford, NS, CAN, B4A 1E8

Website

https://www.silverspruceresources.com

Silver Spruce Resources Inc is a Canada-based company focused on exploration for precious and base minerals. The flagship project Pino de Plata located in Chihuahua state Mexico is a high-grade silver project with noteworthy gold, lead, and zinc credits. Its other projects include El Mezquite, Melchett Lake and Pope's Hill.