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International Prospect Ventures (TSXV:IZZ) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2024)


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What is International Prospect Ventures Long-Term Capital Lease Obligation?

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


International Prospect Ventures Long-Term Capital Lease Obligation Historical Data

The historical data trend for International Prospect Ventures'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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International Prospect Ventures Long-Term Capital Lease Obligation Chart

International Prospect Ventures Annual Data
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Long-Term Capital Lease Obligation
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International Prospect Ventures Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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International Prospect Ventures  (TSXV:IZZ) 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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International Prospect Ventures (TSXV:IZZ) Business Description

Traded in Other Exchanges
Address
152 chemin de la Mine Ecole, Val-d’Or, QC, CAN, J9P 7B6
International Prospect Ventures Ltd is involved in the process of exploring, evaluating and promoting its mineral properties and other projects. The company's exploration and evaluation assets are located in Canada and Australia. Its projects are Beartooth Island Uranium Project; Pilbara Region Western Australi; West Stewardson Uranium Project Athabasca Basin, Saskatchewan; Otish/Mistassini Project North Central Québec; Elliot Lake Uranium Project Ontario, Canada and Porcupine Miracle Project Langmuir Township, Ontario.
Executives
Joseph Groia Director or Senior Officer of 10% Security Holder
Lexam Vg Gold Inc. 10% Security Holder

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