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Trailbreaker Resources (Trailbreaker Resources) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2023)


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What is Trailbreaker Resources Long-Term Capital Lease Obligation?

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


Trailbreaker Resources Long-Term Capital Lease Obligation Historical Data

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

Trailbreaker Resources Annual Data
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Long-Term Capital Lease Obligation
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Trailbreaker Resources Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Trailbreaker Resources  (OTCPK:APRAF) 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.

Trailbreaker Resources Long-Term Capital Lease Obligation Related Terms

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Trailbreaker Resources (Trailbreaker Resources) Business Description

Traded in Other Exchanges
Address
650 West Georgia Street, Suite 2110, Vancouver, BC, CAN, V6B 4N9
Trailbreaker Resources Ltd is a mineral exploration company focusing on acquiring and developing exploration and evaluation assets. Its 100%-owned flagship Plateau Property is located in the Yukon Territory. The other properties of the company are McMurdo and Skelly, among others.

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