Gold Lakes (Gold Lakes) Long-Term Capital Lease Obligation : $0.00 Mil (As of Apr. 2017)

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What is Gold Lakes Long-Term Capital Lease Obligation?

Gold Lakes's Long-Term Capital Lease Obligation for the quarter that ended in Apr. 2017 was $0.00 Mil.

Gold Lakes Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gold Lakes'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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Gold Lakes Long-Term Capital Lease Obligation Chart

Gold Lakes Annual Data

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Long-Term Capital Lease Obligation

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Gold Lakes Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Gold Lakes (GREY:GLLK) 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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Gold Lakes (Gold Lakes) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Lakes Corp (GREY:GLLK) » Definitions » Long-Term Capital Lease Obligation

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Address

3401 Enterprise Parkway, Suite 340, Beachwood, OH, USA, 42122

Website

http://www.goldlakes.com

Gold Lakes Corp is involved in the business of mining and developing precious metals, mainly Gold. Its projects include The Big Monty property located in the north of Kirkland Lake and east of Timmins in Ontario and The Ponderosa property located in townships of Frecheville, Stoughton, and the Mistaken islands of Ontario, Canada.

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