KOREF (Kore Mining) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2024)

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What is Kore Mining Long-Term Capital Lease Obligation?

Kore Mining's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil.

Kore Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kore Mining'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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Kore Mining Long-Term Capital Lease Obligation Chart

Kore Mining Annual Data

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Long-Term Capital Lease Obligation

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Kore Mining Quarterly Data
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Kore Mining (OTCPK:KOREF) 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.

Kore Mining Long-Term Capital Lease Obligation Related Terms

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Kore Mining Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kore Mining Ltd (OTCPK:KOREF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

EUSA:Germany EUS:Germany KORE:Canada

Address

700 W Georgia Street, 25th Floor, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.koremining.com

Kore Mining Ltd is an exploration and development stage company. It is engaged in the acquisition, exploration, and development of exploration and evaluation properties in the United States and Canada. The company owns interests in the Imperial and Long Valley, gold development projects, located in California, USA, as well as projects in British Columbia, Canada.