CPPKF (Faraday Copper) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2024)

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What is Faraday Copper Long-Term Capital Lease Obligation?

Faraday Copper's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil.

Faraday Copper Long-Term Capital Lease Obligation Historical Data

The historical data trend for Faraday Copper'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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Faraday Copper Long-Term Capital Lease Obligation Chart

Faraday Copper Annual Data

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Long-Term Capital Lease Obligation

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Faraday Copper Quarterly Data
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Faraday Copper (OTCPK:CPPKF) 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.

Faraday Copper Long-Term Capital Lease Obligation Related Terms

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Faraday Copper Business Description

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

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9CM0:Germany FDY:Canada

Address

250 - 200 Burrard Street, Vancouver, BC, CAN, V6C 3L6

Website

https://www.faradaycopper.com

Faraday Copper Corp is engaged in the acquisition and development of mineral properties. The company is focused on advancing its flagship copper project in Arizona, The Copper Creek project is one of the undeveloped copper projects in North America with open pit and bulk underground mining potential.