American Lithium (TSXV:LI) Long-Term Capital Lease Obligation : C$0.09 Mil (As of Nov. 2023)

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What is American Lithium Long-Term Capital Lease Obligation?

American Lithium's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.09 Mil.

American Lithium's quarterly Long-Term Capital Lease Obligation declined from May. 2023 (C$0.13 Mil) to Aug. 2023 (C$0.11 Mil) and declined from Aug. 2023 (C$0.11 Mil) to Nov. 2023 (C$0.09 Mil).

American Lithium's annual Long-Term Capital Lease Obligation increased from Feb. 2021 (C$0.00 Mil) to Feb. 2022 (C$0.22 Mil) but then declined from Feb. 2022 (C$0.22 Mil) to Feb. 2023 (C$0.15 Mil).

American Lithium Long-Term Capital Lease Obligation Historical Data

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

American Lithium Annual Data

Trend

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Feb23

Long-Term Capital Lease Obligation

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0.22

0.15

American Lithium Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.17	0.15	0.13	0.11	0.09

American Lithium (TSXV:LI) 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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American Lithium (TSXV:LI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » American Lithium Corp (TSXV:LI) » Definitions » Long-Term Capital Lease Obligation

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AMLI:USA 5LA1:Germany

Address

1030 West Georgia Street, Suite 710, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.americanlithiumcorp.com

American Lithium Corp is an exploration-stage company. It is engaged in the development of large-scale lithium projects within mining-friendly jurisdictions throughout the Americas. Its current focus is on developing its strategically located TLC lithium claystone project in the richly mineralized Esmeralda lithium district in Nevada, enabling the shift to a new energy paradigm. In addition, Falchani lithium and Macusani uranium development-stage projects are being advanced in southeastern Peru.