Lumina Gold (Lumina Gold) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

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What is Lumina Gold Long-Term Capital Lease Obligation?

Lumina Gold's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

Lumina Gold's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.02 Mil) to Sep. 2023 ($0.01 Mil) and declined from Sep. 2023 ($0.01 Mil) to Dec. 2023 ($0.00 Mil).

Lumina Gold's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.04 Mil) but then declined from Dec. 2022 ($0.04 Mil) to Dec. 2023 ($0.00 Mil).

Lumina Gold Long-Term Capital Lease Obligation Historical Data

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

Lumina Gold Annual Data

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Long-Term Capital Lease Obligation

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0.04

Lumina Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.04	0.03	0.02	0.01	-

Lumina Gold (OTCPK:LMGDF) 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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Lumina Gold (Lumina Gold) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lumina Gold Corp (OTCPK:LMGDF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

OMH2:Germany LUM:Canada

Address

625 Howe Street, Suite 410, Vancouver, BC, CAN, V6C 2T6

Website

http://www.luminagold.com

Lumina Gold Corp is a precious and base metals exploration and development company focused on the Cangrejos Gold-Copper Project located in El Oro Province, southwest Ecuador. Cangrejos is being advanced to a Pre-Feasibility Study and is the largest primary gold deposit in Ecuador. The company has an experienced management team with a successful track record of advancing and monetizing exploration projects. It has one reportable operating segment, being that of the acquisition, exploration and evaluation of mineral properties in Ecuador.