Victory Battery Metals (Victory Battery Metals) Long-Term Capital Lease Obligation : $0.03 Mil (As of Nov. 2023)

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What is Victory Battery Metals Long-Term Capital Lease Obligation?

Victory Battery Metals's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.03 Mil.

Victory Battery Metals's quarterly Long-Term Capital Lease Obligation declined from May. 2023 ($0.04 Mil) to Aug. 2023 ($0.03 Mil) and declined from Aug. 2023 ($0.03 Mil) to Nov. 2023 ($0.03 Mil).

Victory Battery Metals's annual Long-Term Capital Lease Obligation declined from Feb. 2021 ($0.10 Mil) to Feb. 2022 ($0.07 Mil) and declined from Feb. 2022 ($0.07 Mil) to Feb. 2023 ($0.05 Mil).

Victory Battery Metals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Victory Battery 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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Victory Battery Metals Long-Term Capital Lease Obligation Chart

Victory Battery Metals Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Long-Term Capital Lease Obligation

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0.10

0.07

0.05

Victory Battery Metals Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.05	0.05	0.04	0.03	0.03

Victory Battery Metals (OTCPK:VRCFF) 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.

Victory Battery Metals Long-Term Capital Lease Obligation Related Terms

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Victory Battery Metals (Victory Battery Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Victory Battery Metals Corp (OTCPK:VRCFF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

VR60:Germany VR:Canada

Address

355 Burrard Street, Suite 1780, Vancouver, BC, CAN, V6C 2G8

Website

https://www.victorybatterymetals.com

Victory Battery Metals Corp is a Canadian mineral exploration company. The company operates through two segments namely Acquisition, Exploration, and Development of mineral properties and Administrative and Investing activities. Geographically, it operates in Canada and USA. Its projects portfolio includes Smokey Lithium, Mal-Wen, Loner Property, Hammond Reef South, Lac Simard, and Black Diablo.