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GSTMF (Goldstorm Metals) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2024)


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What is Goldstorm Metals Long-Term Capital Lease Obligation?

Goldstorm Metals's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.00 Mil.


Goldstorm Metals Long-Term Capital Lease Obligation Historical Data

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

Goldstorm Metals Annual Data
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Long-Term Capital Lease Obligation
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Goldstorm Metals Quarterly Data
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Goldstorm Metals  (OTCPK:GSTMF) 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.

Goldstorm Metals Long-Term Capital Lease Obligation Related Terms

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Goldstorm Metals Business Description

Traded in Other Exchanges
Address
999 West Hastings Street, Suite 789, Vancouver, BC, CAN, V6C 2W2
Goldstorm Metals Corp is a precious and base metals exploration company with a strategic land position in the Golden Triangle of British Columbia, an area that hosts some of the gold deposits in the world. Goldstorm's flagship projects, Crown and Electrum, cover an area that totals approximately 16,469 hectares over 6 concessions, of which 5 are contiguous. The Crown Project is situated directly south of Seabridge Gold's KSM gold-copper deposits and Newmont Corporation Inc.'s Brucejack/Valley of the Kings gold mine. Electrum, also located in the Golden Triangle of BC, is situated directly between Newmont Corporation's Brucejack Mine, approximately 20 kilometers to the north, and the past producing Silbak Premier mine, 20 kilometers to the south.

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