American Pacific Mining (XCNQ:USGD) Long-Term Capital Lease Obligation : C$0.77 Mil (As of Dec. 2023)

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What is American Pacific Mining Long-Term Capital Lease Obligation?

American Pacific Mining's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.77 Mil.

American Pacific Mining's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$0.95 Mil) to Sep. 2023 (C$0.77 Mil) and declined from Sep. 2023 (C$0.77 Mil) to Dec. 2023 (C$0.77 Mil).

American Pacific Mining's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$0.09 Mil) and increased from Dec. 2022 (C$0.09 Mil) to Dec. 2023 (C$0.77 Mil).

American Pacific Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for American Pacific 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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American Pacific Mining Long-Term Capital Lease Obligation Chart

American Pacific Mining Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.09

0.77

American Pacific 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															0.09	0.09	0.95	0.77	0.77

American Pacific Mining (XCNQ:USGD) 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.

American Pacific Mining Long-Term Capital Lease Obligation Related Terms

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American Pacific Mining (XCNQ:USGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » American Pacific Mining Corp (XCNQ:USGD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

USGDF:USA 1QC1:Germany

Address

510 Burrard Street, Suite 910, Vancouver, BC, CAN, V6C 3A8

Website

https://www.americanpacific.ca

American Pacific Mining Corp is engaged in the business of mineral exploration and development. The company's only reportable segment is the exploration and evaluation of mineral properties. Its project holdings include Tuscarora located in Nevada, USA, South Lida located in the south-central part of Esmeralda County, Nevada, and Gooseberry project.

Executives

Joness Lang

Director, Senior Officer

American Pacific Mining (XCNQ:USGD) Headlines

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