Panex Resources (Panex Resources) Long-Term Capital Lease Obligation : $0.00 Mil (As of Aug. 2016)

View and export this data going back to 2006. Start your Free Trial

What is Panex Resources Long-Term Capital Lease Obligation?

Panex Resources's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2016 was $0.00 Mil.

Panex Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Panex 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.

* Premium members only.

Panex Resources Long-Term Capital Lease Obligation Chart

Panex Resources Annual Data

Trend

Aug07

Aug08

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Aug15

Aug16

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

Panex Resources Quarterly Data
	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Panex Resources (OTCPK:DBGF) 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.

Panex Resources Long-Term Capital Lease Obligation Related Terms

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

Panex Resources (Panex Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Panex Resources Inc (OTCPK:DBGF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

504A Casabianca, 17 Bd du Larvotto, Monte Carlo, MCO, 98000

Website

http://www.panexresources.com

Panex Resources Inc is a mineral exploration company in Africa. It is engaged in the acquisition and exploration of mineral properties. The company is an exploration stage company. Its exploration program will be designed to explore for commercially viable deposits of base and precious minerals such as gold, silver, lead, barium, mercury, copper and zinc minerals.

Panex Resources (Panex Resources) Headlines

No Headlines