Fathom Nickel (Fathom Nickel) Long-Term Capital Lease Obligation : $0.13 Mil (As of Sep. 2023)

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What is Fathom Nickel Long-Term Capital Lease Obligation?

Fathom Nickel's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.13 Mil.

Fathom Nickel's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($0.16 Mil) to Mar. 2023 ($0.15 Mil) and declined from Mar. 2023 ($0.15 Mil) to Sep. 2023 ($0.13 Mil).

Fathom Nickel's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($0.20 Mil) but then declined from Dec. 2021 ($0.20 Mil) to Dec. 2022 ($0.16 Mil).

Fathom Nickel Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fathom Nickel'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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Fathom Nickel Long-Term Capital Lease Obligation Chart

Fathom Nickel Annual Data

Trend

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

0.20

0.16

Fathom Nickel Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							0.19	0.17	0.16	0.15	0.13

Fathom Nickel (OTCPK:FNICF) 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.

Fathom Nickel Long-Term Capital Lease Obligation Related Terms

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Fathom Nickel (Fathom Nickel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fathom Nickel Inc (OTCPK:FNICF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

6Q5:Germany FNI:Canada

Address

521 3rd Avenue SW, Suite 730, Calgary, AB, CAN, T2P3T3

Website

https://www.fathomnickel.com

Fathom Nickel Inc is a resource development and exploration company that is targeting high-grade nickel sulfide discoveries for use in the rapidly growing global electric vehicle market.

Fathom Nickel (Fathom Nickel) Headlines

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