Lincoln Gold Mining (TSXV:LMG) Long-Term Capital Lease Obligation : C$0.06 Mil (As of Dec. 2023)

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What is Lincoln Gold Mining Long-Term Capital Lease Obligation?

Lincoln Gold Mining's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.06 Mil.

Lincoln Gold Mining's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (C$0.00 Mil) to Sep. 2023 (C$0.00 Mil) but then increased from Sep. 2023 (C$0.00 Mil) to Dec. 2023 (C$0.06 Mil).

Lincoln Gold Mining's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$0.05 Mil) to Dec. 2022 (C$0.00 Mil) but then increased from Dec. 2022 (C$0.00 Mil) to Dec. 2023 (C$0.06 Mil).

Lincoln Gold Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lincoln Gold 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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Lincoln Gold Mining Long-Term Capital Lease Obligation Chart

Lincoln Gold Mining Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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0.04

0.05

0.06

Lincoln Gold Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	0.06

Lincoln Gold Mining (TSXV:LMG) 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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Lincoln Gold Mining (TSXV:LMG) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lincoln Gold Mining Inc (TSXV:LMG) » Definitions » Long-Term Capital Lease Obligation

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LNCLF:USA

Address

789 West Pender Street, Suite 400, Vancouver, BC, CAN, V6C 1H2

Website

http://www.lincolnmining.com

Lincoln Gold Mining Inc is a precious metal exploration and development company. It holds an interest in several projects which are in various stages of exploration which include the Pine Grove property located in Nevada, USA, and the Shawinigan located in Canada. The company operates through a single segment which is the Acquisition, exploration, and evaluation of mineral properties. The Company operates within two geographic areas - the United States of America and Canada.

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