California Gold Mining (California Gold Mining) Long-Term Capital Lease Obligation : $0.12 Mil (As of May. 2021)

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What is California Gold Mining Long-Term Capital Lease Obligation?

California Gold Mining's Long-Term Capital Lease Obligation for the quarter that ended in May. 2021 was $0.12 Mil.

California Gold Mining's quarterly Long-Term Capital Lease Obligation declined from Nov. 2020 ($0.12 Mil) to Feb. 2021 ($0.12 Mil) and declined from Feb. 2021 ($0.12 Mil) to May. 2021 ($0.12 Mil).

California Gold Mining's annual Long-Term Capital Lease Obligation stayed the same from Aug. 2018 ($0.00 Mil) to Aug. 2019 ($0.00 Mil) but then increased from Aug. 2019 ($0.00 Mil) to Aug. 2020 ($0.13 Mil).

California Gold Mining Long-Term Capital Lease Obligation Historical Data

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

California Gold Mining Annual Data

Trend

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Long-Term Capital Lease Obligation

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0.13

California Gold Mining Quarterly Data
	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	0.13	0.12	0.12	0.12

California Gold Mining (OTCPK:CFGMF) 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.

California Gold Mining Long-Term Capital Lease Obligation Related Terms

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California Gold Mining (California Gold Mining) Business Description

Industry

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

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Address

1800, 130 King Street W., Toronto, ON, CAN, M5X 1E3

Website

http://www.caligold.ca

California Gold Mining Inc is a Canada-based mineral exploration company. Principally, it is engaged in the acquisition, exploration, and development of mineral resource properties. The company's project consists of Fremont project and Dingman project.