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Lomiko Metals (LTS:0V4O) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jan. 2024)


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What is Lomiko Metals Long-Term Capital Lease Obligation?

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


Lomiko Metals Long-Term Capital Lease Obligation Historical Data

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

Lomiko Metals Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Long-Term Capital Lease Obligation
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Lomiko Metals Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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Lomiko Metals  (LTS:0V4O) 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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Lomiko Metals (LTS:0V4O) Business Description

Industry
Traded in Other Exchanges
Address
7184 120th Street, Unit 439, Surrey, BC, CAN, V3W 0M6
Lomiko Metals Inc is a company with the mission to manifest abundance of renewable energy with Canadian and Quebec critical minerals for a solution in North America. It is developing the La Loutre graphite deposit, located northwest of Montreal, and the Bourier lithium project, located in the James Bay region of Quebec in Canada's lithium triangle that has historically housed lithium deposits and mineralization trends. the company is also working on a graphite pipeline project.

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