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American Creek Resources (American Creek Resources) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)


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What is American Creek Resources Long-Term Capital Lease Obligation?

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


American Creek Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for American Creek Resources'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 Creek Resources Long-Term Capital Lease Obligation Chart

American Creek Resources Annual Data
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Long-Term Capital Lease Obligation
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American Creek Resources Quarterly Data
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American Creek Resources  (OTCPK:ACKRF) 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 Creek Resources Long-Term Capital Lease Obligation Related Terms

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American Creek Resources (American Creek Resources) Business Description

Traded in Other Exchanges
Address
92 - 2nd Avenue West, P.O. Box 70, Cardston, AB, CAN, T0K 0K0
American Creek Resources Ltd is engaged in the exploration and development of mineral resource properties. The company holds interests in properties located in the regions of British Columbia, Canada. Its projects include the Treaty Creek project, Gold hill, Dunwell, Ample Goldmax property and others. It has one reportable operating segment, which is the exploration and development of exploration and evaluation assets in Canada.

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