Grounded Lithium (TSXV:GRD) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2024)

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What is Grounded Lithium Long-Term Capital Lease Obligation?

Grounded Lithium's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil.

Grounded Lithium's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$0.06 Mil) but then declined from Dec. 2022 (C$0.06 Mil) to Dec. 2023 (C$0.00 Mil).

Grounded Lithium Long-Term Capital Lease Obligation Historical Data

The historical data trend for Grounded Lithium'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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Grounded Lithium Long-Term Capital Lease Obligation Chart

Grounded Lithium Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.06

Grounded Lithium Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							0.03	-	-	-	-

Grounded Lithium (TSXV:GRD) 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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Grounded Lithium (TSXV:GRD) Business Description

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

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GRDAF:USA

Address

500, 400-5th Avenue SW, Calgary, AB, CAN, T2P 0L6

Website

https://www.groundedlithium.com

Grounded Lithium Corp is a lithium resource company focused on supplying lithium to the rapidly developing electricity-powered economy. It controls approximately 2.9 million tonnes of lithium carbonate equivalent over its focused land holdings in Southwest Saskatchewan.

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