Purepoint Uranium Group (TSXV:PTU) Long-Term Capital Lease Obligation

: C$0.04 Mil (As of Dec. 2023)

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Purepoint Uranium Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.04 Mil.

Purepoint Uranium Group's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (C$0.07 Mil) to Sep. 2023 (C$0.05 Mil) and declined from Sep. 2023 (C$0.05 Mil) to Dec. 2023 (C$0.04 Mil).

Purepoint Uranium Group's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$0.00 Mil) but then increased from Dec. 2022 (C$0.00 Mil) to Dec. 2023 (C$0.04 Mil).

Purepoint Uranium Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Purepoint Uranium Group'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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Purepoint Uranium Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.08

0.04

Purepoint Uranium Group 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																-	-	0.07	0.05	0.04

Purepoint Uranium Group (TSXV:PTU) 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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Purepoint Uranium Group (TSXV:PTU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Purepoint Uranium Group Inc (TSXV:PTU) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

PTUUF:USA P5X:Germany

Address

120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1

Website

https://www.purepoint.ca

Purepoint Uranium Group Inc is a resource company engaged in the acquisition, exploration, and development of properties to produce uranium. Its mineral properties are all located in the Athabasca Basin, Northern Saskatchewan, Canada. The group's properties include Hook Lake, Red Willow, Turnor Lake, Henday Lake, Smart Lake, Tabbernor Block, and Umfreville Lake.

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