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FPX Nickel (TSXV:FPX) Long-Term Capital Lease Obligation : C$0.11 Mil (As of Dec. 2023)


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What is FPX Nickel Long-Term Capital Lease Obligation?

FPX Nickel's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.11 Mil.

FPX Nickel's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (C$0.04 Mil) to Sep. 2023 (C$0.15 Mil) but then declined from Sep. 2023 (C$0.15 Mil) to Dec. 2023 (C$0.11 Mil).

FPX Nickel's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$0.15 Mil) to Dec. 2022 (C$0.06 Mil) but then increased from Dec. 2022 (C$0.06 Mil) to Dec. 2023 (C$0.11 Mil).

FPX Nickel Long-Term Capital Lease Obligation Historical Data

The historical data trend for FPX Nickel'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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FPX Nickel Long-Term Capital Lease Obligation Chart

FPX Nickel Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.02 0.15 0.06 0.11

FPX Nickel Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.09 0.06 0.04 0.15 0.11

FPX Nickel  (TSXV:FPX) 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.

FPX Nickel Long-Term Capital Lease Obligation Related Terms

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FPX Nickel (TSXV:FPX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » FPX Nickel Corp (TSXV:FPX) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
FPOCF:USA FP5:Germany
Address
1155 West Pender Street, Suite 320, Vancouver, BC, CAN, V6E 2P4
Website
https://www.fpxnickel.com
FPX Nickel Corp focuses is involved in the acquisition and exploration of mineral property interests that are considered potential sites of economic mineralization. Its projects portfolio includes Decar Nickel District, Mich Property, Yukon; Orca Property; Wale Property; and Klow Property; in British Columbia.
Executives
Allyn Knoche 10% Security Holder