Grit Metals (FRA:K9T) Long-Term Capital Lease Obligation : €0.00 Mil (As of Aug. 2024)

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What is Grit Metals Long-Term Capital Lease Obligation?

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

Grit Metals Long-Term Capital Lease Obligation Historical Data

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

Grit Metals Annual Data

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Long-Term Capital Lease Obligation

Grit Metals Quarterly Data
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Grit Metals (FRA:K9T) 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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Grit Metals Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grit Metals Corp (FRA:K9T) » Definitions » Long-Term Capital Lease Obligation

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EUEMF:USA FIN:Canada

Address

503 - 905 West Pender Street, Vancouver, BC, CAN, V6C 1L6

Website

https://www.europeanenergymetals.com

Grit Metals Corp is a junior mining company currently focussed on the Lithium-Cesium-Tantalum Finnish Pegmatite Project in central Finland. Governing bodies in Europe and Finland are legislating environmentally friendly and energy-independent laws and policies. Its key component is access to REE and, specifically, lithium. The company's exploration licenses are located within the Keliber mine and production complex, currently under construction and expected to begin production in H2 2025.

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