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

View and export this data going back to 2020. Start your Free Trial

What is Clarity Metals Long-Term Capital Lease Obligation?

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

Clarity Metals's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($0.01 Mil) to Dec. 2021 ($0.00 Mil) but then stayed the same from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.00 Mil).

Clarity Metals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Clarity Metals'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.

* Premium members only.

Clarity Metals Long-Term Capital Lease Obligation Chart

Clarity Metals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

0.01

Clarity Metals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											-	-	-	-	-

Clarity Metals (OTCPK:CLGCF) 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.

Clarity Metals Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Clarity Metals's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Clarity Metals (Clarity Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Clarity Metals Corp (OTCPK:CLGCF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

27G0:Germany CMET:Canada

Address

355 Burrard Street, Suite 1680, Vancouver, BC, CAN, V6C 2G8

Website

https://www.claritygoldcorp.com

Clarity Metals Corp is a Canadian mineral exploration company. The company focuses on the acquisition, exploration, and development of gold projects in Canada.