Grid Battery Metals (Grid Battery Metals) Long-Term Capital Lease Obligation : $0.01 Mil (As of Dec. 2023)

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What is Grid Battery Metals Long-Term Capital Lease Obligation?

Grid Battery Metals's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.01 Mil.

Grid Battery Metals's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.01 Mil) to Sep. 2023 ($0.01 Mil) and declined from Sep. 2023 ($0.01 Mil) to Dec. 2023 ($0.01 Mil).

Grid Battery Metals's annual Long-Term Capital Lease Obligation stayed the same from Jun. 2021 ($0.00 Mil) to Jun. 2022 ($0.00 Mil) but then increased from Jun. 2022 ($0.00 Mil) to Jun. 2023 ($0.01 Mil).

Grid Battery Metals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Grid Battery 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.

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Grid Battery Metals Long-Term Capital Lease Obligation Chart

Grid Battery Metals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.02

0.01

Grid Battery Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	0.01	0.01	0.01

Grid Battery Metals (OTCPK:EVKRF) 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.

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Grid Battery Metals (Grid Battery Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grid Battery Metals Inc (OTCPK:EVKRF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

W47:Germany CELL:Canada

Address

3028 Quadra Court, Coquitlam, BC, CAN, V3B 5X6

Website

https://www.gridbatterymetals.com

Grid Battery Metals Inc is an exploration and mining company. The company primarily explores nickel-iron alloys, important in the manufacture of environmentally efficient batteries for the electric vehicle markets. Its projects are Hard Nickel Group; Nickel 100 Group, Texas Spring, Volt canyon and Clayton Valley Lithium.