Commander Resources (TSXV:CMD) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Sep. 2023)

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What is Commander Resources Long-Term Capital Lease Obligation?

Commander Resources's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil.

Commander Resources's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (C$0.01 Mil) to Jun. 2023 (C$0.00 Mil) and declined from Jun. 2023 (C$0.00 Mil) to Sep. 2023 (C$0.00 Mil).

Commander Resources's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (C$0.02 Mil) to Dec. 2021 (C$0.00 Mil) but then increased from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$0.02 Mil).

Commander Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Commander 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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Commander Resources Long-Term Capital Lease Obligation Chart

Commander Resources Annual Data

Trend

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Long-Term Capital Lease Obligation

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0.02

Commander Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.03	0.02	0.01	-	-

Commander Resources (TSXV:CMD) 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.

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Commander Resources (TSXV:CMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Commander Resources Ltd (TSXV:CMD) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CMDRF:USA

Address

1111 Melville Street, Suite 1100, 11th Floor, Vancouver, BC, CAN, V6E 3V6

Website

https://www.commanderresources.com

Commander Resources Ltd is an exploration stage company. The business activity of the group involves the acquisition and exploration of mineral properties in Canada and Mexico. It is engaged in employing new techniques in the search for precious and base metals. The company holds an interest in projects such as October Dome, Mt. Polley, Rebel, Flume, South Voisey's bay, and Pedro among others.

Executives

Brandon Macdonald

Director