Diamcor Mining (Diamcor Mining) Long-Term Capital Lease Obligation : $0.08 Mil (As of Dec. 2023)

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What is Diamcor Mining Long-Term Capital Lease Obligation?

Diamcor Mining's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.08 Mil.

Diamcor Mining's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($0.10 Mil) to Sep. 2023 ($0.08 Mil) and declined from Sep. 2023 ($0.08 Mil) to Dec. 2023 ($0.08 Mil).

Diamcor Mining's annual Long-Term Capital Lease Obligation stayed the same from Mar. 2021 ($0.00 Mil) to Mar. 2022 ($0.00 Mil) but then increased from Mar. 2022 ($0.00 Mil) to Mar. 2023 ($0.10 Mil).

Diamcor Mining Long-Term Capital Lease Obligation Historical Data

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

Diamcor Mining Annual Data

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Long-Term Capital Lease Obligation

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0.10

Diamcor Mining Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	0.14	0.10	0.08	0.08

Diamcor Mining (OTCPK:DMIFF) 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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Diamcor Mining (Diamcor Mining) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Diamcor Mining Inc (OTCPK:DMIFF) » Definitions » Long-Term Capital Lease Obligation

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DMI:Canada

Address

1620 Dickson Avenue, Suite 630, Kelowna, BC, CAN, V1Y 9Y2

Website

https://www.diamcormining.com

Diamcor Mining Inc is a mining and exploration company. It is engaged in the identification, acquisition, exploration, evaluation, operation, and advancement of diamond-based resource properties with a specific focus on the mining segment of the diamond industry through its subsidiaries. Some of its projects include Kimberlite, Alluvial / Eluvial, and Tailings processing projects. Geographically, it operates in Canada and South Africa.