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ASWRF (Gungnir Resources) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2024)


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What is Gungnir Resources Long-Term Capital Lease Obligation?

Gungnir Resources's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.00 Mil.


Gungnir Resources Long-Term Capital Lease Obligation Historical Data

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

Gungnir Resources Annual Data
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Long-Term Capital Lease Obligation
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Gungnir Resources Quarterly Data
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Gungnir Resources  (OTCPK:ASWRF) 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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Gungnir Resources Business Description

Traded in Other Exchanges
Address
1688 - 152nd Street, Suite 404, Surrey, BC, CAN, V4A 4N2
Gungnir Resources Inc is a Canadian based mineral exploration company with gold and base metal projects in northern Sweden. Its assets include two nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget, both with updated nickel resources, the Knaften-Hemberget project which hosts a developing intrusion-hosted gold system, a newly discovered gold target at Hemberget, and base metal targets, including copper. Geographically it operates in Sweden and Canada, with the majority of the revenue deriving from Sweden.