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COMCF (Canada One Mining) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jan. 2025)


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What is Canada One Mining Long-Term Capital Lease Obligation?

Canada One Mining's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2025 was $0.00 Mil.


Canada One Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for Canada One 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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Canada One Mining Long-Term Capital Lease Obligation Chart

Canada One Mining Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Long-Term Capital Lease Obligation
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Canada One Mining Quarterly Data
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Canada One Mining  (OTCPK:COMCF) 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.

Canada One Mining Long-Term Capital Lease Obligation Related Terms

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Canada One Mining Business Description

Traded in Other Exchanges
Address
750 West Pender Street, Suite 250, Vancouver, BC, CAN, V6C 2T7
Canada One Mining Corp is focused on the exploration of its resource properties in British Columbia and has not yet determined whether its exploration and evaluation assets contain mineral reserves that are economically recoverable.

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