Military Metals (FRA:QN90) Long-Term Capital Lease Obligation : €0.00 Mil (As of May. 2024)

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What is Military Metals Long-Term Capital Lease Obligation?

Military Metals's Long-Term Capital Lease Obligation for the quarter that ended in May. 2024 was €0.00 Mil.

Military Metals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Military 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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Military Metals Long-Term Capital Lease Obligation Chart

Military Metals Annual Data

Trend

Aug22

Aug23

Long-Term Capital Lease Obligation

Military Metals Quarterly Data
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Military Metals (FRA:QN90) 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.

Military Metals Long-Term Capital Lease Obligation Related Terms

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Military Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Military Metals Corp (FRA:QN90) » Definitions » Long-Term Capital Lease Obligation

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MILIF:USA MILI:Canada

Address

615-800 West Pender Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.militarymetalscorp.com

Military Metals Corp is a Columbia-based mineral exploration company. The company is engaged in the acquisition and exploration of mineral properties. The Company's sole mineral property interest is the Manson Bay Project located in the Province of Saskatchewan.

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