Artemis Gold (Artemis Gold) Long-Term Capital Lease Obligation : $15.95 Mil (As of Mar. 2024)

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What is Artemis Gold Long-Term Capital Lease Obligation?

Artemis Gold's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $15.95 Mil.

Artemis Gold's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($9.19 Mil) to Dec. 2023 ($14.88 Mil) and increased from Dec. 2023 ($14.88 Mil) to Mar. 2024 ($15.95 Mil).

Artemis Gold's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.69 Mil) to Dec. 2022 ($0.76 Mil) and increased from Dec. 2022 ($0.76 Mil) to Dec. 2023 ($14.88 Mil).

Artemis Gold Long-Term Capital Lease Obligation Historical Data

The historical data trend for Artemis Gold'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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Artemis Gold Long-Term Capital Lease Obligation Chart

Artemis Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.64

0.55

0.69

0.76

14.88

Artemis Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.65	8.30	9.19	14.88	15.95

Artemis Gold (OTCPK:ARGTF) 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.

Artemis Gold Long-Term Capital Lease Obligation Related Terms

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Artemis Gold (Artemis Gold) Business Description

Industry

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

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ARTG:Canada

Address

595 Burrard Street, Three Bentall Centre, Suite 3083, P.O. Box 49298, Vancouver, BC, CAN, V7X 1L3

Website

https://www.artemisgoldinc.com

Artemis Gold Inc is a Canadian-based company. It is a growth-oriented gold development company. The company holds interests in the GK project and Blackwater Gold Project located in British Columbia. It has one segment being the exploration and development of mineral properties.