Arras Minerals (TSXV:ARK) Long-Term Capital Lease Obligation : C$0.14 Mil (As of Jan. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Arras Minerals Long-Term Capital Lease Obligation?

Arras Minerals's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.14 Mil.

Arras Minerals's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 (C$0.19 Mil) to Oct. 2023 (C$0.17 Mil) and declined from Oct. 2023 (C$0.17 Mil) to Jan. 2024 (C$0.14 Mil).

Arras Minerals's annual Long-Term Capital Lease Obligation increased from Oct. 2021 (C$0.00 Mil) to Oct. 2022 (C$0.28 Mil) but then declined from Oct. 2022 (C$0.28 Mil) to Oct. 2023 (C$0.17 Mil).

Arras Minerals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Arras 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.

* Premium members only.

Arras Minerals Long-Term Capital Lease Obligation Chart

Arras Minerals Annual Data

Trend

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

0.28

0.17

Arras Minerals Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							0.25	0.22	0.19	0.17	0.14

Arras Minerals (TSXV:ARK) 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.

Arras Minerals Long-Term Capital Lease Obligation Related Terms

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

Arras Minerals (TSXV:ARK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arras Minerals Corp (TSXV:ARK) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ARRKF:USA

Address

777 Dunsmuir Street, Suite 1605, PO Box 10414, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.arrasminerals.com

Arras Minerals Corp is engaged in the acquisition, exploration, and development of mineral property interests. The company's assets consist of the option to acquire a 100% interest in the Beskauga property (Beskauga) in Kazakhstan. It engages in advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project.

Executives

Darren Ervin Charles Klinck

Senior Officer

Arras Minerals (TSXV:ARK) Headlines

No Headlines