Signal Gold (TSX:SGNL) Long-Term Capital Lease Obligation : C$0.24 Mil (As of Mar. 2024)

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What is Signal Gold Long-Term Capital Lease Obligation?

Signal Gold's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.24 Mil.

Signal Gold's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$0.31 Mil) to Dec. 2023 (C$0.00 Mil) but then increased from Dec. 2023 (C$0.00 Mil) to Mar. 2024 (C$0.24 Mil).

Signal Gold's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$0.24 Mil) to Dec. 2022 (C$0.16 Mil) and declined from Dec. 2022 (C$0.16 Mil) to Dec. 2023 (C$0.00 Mil).

Signal Gold Long-Term Capital Lease Obligation Historical Data

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

Signal Gold Annual Data

Trend

May14

May15

May16

May17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.26

0.15

0.24

0.16

Signal Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.50	0.37	0.31	-	0.24

Signal Gold (TSX:SGNL) 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.

Signal Gold Long-Term Capital Lease Obligation Related Terms

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Signal Gold (TSX:SGNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Signal Gold Inc (TSX:SGNL) » Definitions » Long-Term Capital Lease Obligation

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SGNLF:USA Y8B:Germany

Address

20 Adelaide St. East, Suite 915, Toronto, ON, CAN, M5C 2T6

Website

http://www.anacondamining.com

Signal Gold Inc is gold mining, development, and exploration company focused on the top-tier Canadian mining jurisdictions of Nova Scotia and Newfoundland. The company operates mining and milling operations in the Goldboro Gold Project in Nova Scotia, the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility, and deep-water port, as well as 15,000 hectares of mineral property at Tilt Cove.

Executives

Robert Dufour

Senior Officer

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