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Newfoundland Discovery (XCNQ:NEWD) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jan. 2024)


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What is Newfoundland Discovery Long-Term Capital Lease Obligation?

Newfoundland Discovery's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil.


Newfoundland Discovery Long-Term Capital Lease Obligation Historical Data

The historical data trend for Newfoundland Discovery'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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Newfoundland Discovery Long-Term Capital Lease Obligation Chart

Newfoundland Discovery Annual Data
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Long-Term Capital Lease Obligation
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Newfoundland Discovery Quarterly Data
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Newfoundland Discovery  (XCNQ:NEWD) 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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Newfoundland Discovery (XCNQ:NEWD) Business Description

Traded in Other Exchanges
Address
838 West Hastings Street,, Suite 700, Vancouver, BC, CAN, V6C 0A6
Newfoundland Discovery Corp is a junior mining exploration company. Its projects include the Grup Property, Bursey Property, Rodger's Cove Property, Johnathan's Pond Properties, Eastern Point Property, Wigwam Property, Goldson Gold Property, and the Southwest Pond Gold Property in Newfoundland; the Northbound Property, Northbound Extension, Southern Star Property, Valentine Mountain Property, Bouvier Property and the Chubb Lithium Property in Quebec.

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