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LEMIF (Leading Edge Materials) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jul. 2024)


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What is Leading Edge Materials Long-Term Capital Lease Obligation?

Leading Edge Materials's Long-Term Capital Lease Obligation for the quarter that ended in Jul. 2024 was $0.00 Mil.


Leading Edge Materials Long-Term Capital Lease Obligation Historical Data

The historical data trend for Leading Edge Materials'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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Leading Edge Materials Long-Term Capital Lease Obligation Chart

Leading Edge Materials Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Long-Term Capital Lease Obligation
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Leading Edge Materials Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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Leading Edge Materials  (OTCPK:LEMIF) 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.

Leading Edge Materials Long-Term Capital Lease Obligation Related Terms

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Leading Edge Materials Business Description

Traded in Other Exchanges
Address
1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1
Leading Edge Materials Corp is a Canada based exploration company. It is involved in the exploration and development of resource properties in Sweden and Finland with corporate operations in Canada. The properties owned by the company are Woxna Graphite Mine located in central Sweden, and Norra Karr Mine, a rare earth element resource, located in south-central Sweden, and Romania Nickel-cobalt project.