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Etruscus Resources (Etruscus Resources) Long-Term Capital Lease Obligation : $0.01 Mil (As of Dec. 2023)


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What is Etruscus Resources Long-Term Capital Lease Obligation?

Etruscus Resources's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.01 Mil.

Etruscus Resources's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.02 Mil) to Sep. 2023 ($0.01 Mil) and declined from Sep. 2023 ($0.01 Mil) to Dec. 2023 ($0.01 Mil).

Etruscus Resources's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($0.00 Mil) to Mar. 2022 ($0.00 Mil) but then increased from Mar. 2022 ($0.00 Mil) to Mar. 2023 ($0.02 Mil).

Etruscus Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Etruscus 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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Etruscus Resources Long-Term Capital Lease Obligation Chart

Etruscus Resources Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial - 0.02 - - 0.02

Etruscus Resources 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.02 0.02 0.01 0.01

Etruscus Resources  (OTCPK:ETRUF) 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.

Etruscus Resources Long-Term Capital Lease Obligation Related Terms

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Etruscus Resources (Etruscus Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Etruscus Resources Corp (OTCPK:ETRUF) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
ERR:Germany ETR:Canada
Address
850 West Hastings Street, Suite 604, Vancouver, BC, CAN, V6C 1E1
Website
https://www.etruscusresources.com
Etruscus Resources Corp is engaged in identifying, evaluating, acquiring, and exploring mineral properties. The Rock and Roll Property covers approximately 21,955 hectares in the Iskut River Valley of Northwestern British Columbia, 150 Km north of the ocean port at Stewart. Its sugar property covers approximately 4,508 hectares to the east of the Stikine River Valley of Northwestern British Columbia, 165 km north of the ocean port at Stewart. The areas include metals like gold, silver, and copper.