Benton Resources (TSXV:BEX) Long-Term Capital Lease Obligation : C$0.05 Mil (As of Dec. 2023)

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What is Benton Resources Long-Term Capital Lease Obligation?

Benton Resources's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.05 Mil.

Benton Resources's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$0.08 Mil) to Sep. 2023 (C$0.07 Mil) and declined from Sep. 2023 (C$0.07 Mil) to Dec. 2023 (C$0.05 Mil).

Benton Resources's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (C$0.17 Mil) to Jun. 2022 (C$0.13 Mil) and declined from Jun. 2022 (C$0.13 Mil) to Jun. 2023 (C$0.08 Mil).

Benton Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Benton 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.

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Benton Resources Long-Term Capital Lease Obligation Chart

Benton Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.19

0.17

0.13

0.08

Benton Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.11	0.09	0.08	0.07	0.05

Benton Resources (TSXV:BEX) 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.

Benton Resources Long-Term Capital Lease Obligation Related Terms

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Benton Resources (TSXV:BEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Benton Resources Inc (TSXV:BEX) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

BNTRF:USA BR0:Germany

Address

684 Squier Street, Thunder Bay, ON, CAN, P7B 4A8

Website

https://www.bentonresources.ca

Benton Resources Inc is a mineral exploration company. The company has a diversified, highly-prospective property portfolio of Gold, Silver, Nickel, Copper, Platinum Group Elements and Lithium assets. In addition, it holds large equity positions in other mining companies that are advancing high-quality assets. Benton has a strategic alliance with Sokoman Minerals Corp through three joint-venture properties including Grey River, Golden Hope, and Kepenkeck in Newfoundland and Labrador, Canada.

Executives

John Reynolds Sullivan

Director

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