Aben Minerals (Aben Minerals) Long-Term Capital Lease Obligation

: $0.00 Mil (As of Dec. 2023)

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

Aben Minerals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Aben Minerals'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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Aben Minerals Annual Data

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Long-Term Capital Lease Obligation

Aben Minerals Quarterly Data
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Aben Minerals (OTCPK:ABNAF) 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.

Aben Minerals Long-Term Capital Lease Obligation Related Terms

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Aben Minerals (Aben Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aben Minerals Ltd (OTCPK:ABNAF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

R26:Germany ABM:Canada

Address

1610 - 777 Dunsmuir Street, P.O. Box 10427, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.abenminerals.com

Aben Minerals Ltd is an exploration and development-stage company engaged in the business of acquisition, exploration, and evaluation of mineral resource properties. The company's projects include Justin Gold and Forrest Kerr Gold.