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Zincore Metals (TSXV:ZNC.H) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Dec. 2023)


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What is Zincore Metals Long-Term Capital Lease Obligation?

Zincore Metals's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil.


Zincore Metals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zincore Metals'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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Zincore Metals Long-Term Capital Lease Obligation Chart

Zincore Metals Annual Data
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Long-Term Capital Lease Obligation
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Zincore Metals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Zincore Metals  (TSXV:ZNC.H) 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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Zincore Metals (TSXV:ZNC.H) Business Description

Traded in Other Exchanges
N/A
Address
1030 West Georgia, Suite 1012, Vancouver, BC, CAN, V6E 2Y3
Zincore Metals Inc is an exploration company engaged in the identification, acquisition, exploration, evaluation, and development of zinc and related base metals projects in Peru. The Company is focused on defining economically feasible projects through focused exploration and developing, joint venture, or selling properties of economic merit.

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