LMEFF (Laurion Mineral Exploration) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2025)

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What is Laurion Mineral Exploration Long-Term Capital Lease Obligation?

Laurion Mineral Exploration's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was $0.00 Mil.

Laurion Mineral Exploration Long-Term Capital Lease Obligation Historical Data

The historical data trend for Laurion Mineral Exploration'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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Laurion Mineral Exploration Long-Term Capital Lease Obligation Chart

Laurion Mineral Exploration Annual Data

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Long-Term Capital Lease Obligation

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Laurion Mineral Exploration Quarterly Data
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Laurion Mineral Exploration (OTCPK:LMEFF) 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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Laurion Mineral Exploration Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Laurion Mineral Exploration Inc (OTCPK:LMEFF) » Definitions » Long-Term Capital Lease Obligation

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LME:Canada

Address

40 King Street West, Suite 5800, Scotia Plaza, Toronto, ON, CAN, M5H 3S1

Website

https://www.laurion.ca

Laurion Mineral Exploration Inc is a mid-stage junior mineral exploration and development company. It engages in the exploration and development of its flagship project, the 100% owned mid-stage 57 km2 Ishkoday Project, and its gold-rich polymetallic mineralization.

Laurion Mineral Exploration Headlines

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