CanXGold Mining (TSXV:CXG) Long-Term Capital Lease Obligation : C$0.00 Mil (As of May. 2023)

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What is CanXGold Mining Long-Term Capital Lease Obligation?

CanXGold Mining's Long-Term Capital Lease Obligation for the quarter that ended in May. 2023 was C$0.00 Mil.

CanXGold Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for CanXGold Mining'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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CanXGold Mining Long-Term Capital Lease Obligation Chart

CanXGold Mining Annual Data

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Long-Term Capital Lease Obligation

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CanXGold Mining Quarterly Data
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CanXGold Mining (TSXV:CXG) 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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CanXGold Mining (TSXV:CXG) Business Description

Industry

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

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Traded in Other Exchanges

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Address

888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4

Website

https://www.goldendawnminerals.com

CanXGold Mining Corp is a Canada-based mineral exploration company. The principal activity of the company is the acquisition and exploration of mineral resource properties in Canada. All the company's mineral properties are in the exploration stages.

Executives

Stefan Bender

Director

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