Jade Leader (Jade Leader) Long-Term Capital Lease Obligation : $0.01 Mil (As of Mar. 2024)

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What is Jade Leader Long-Term Capital Lease Obligation?

Jade Leader's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.01 Mil.

Jade Leader's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.03 Mil) to Dec. 2023 ($0.02 Mil) and declined from Dec. 2023 ($0.02 Mil) to Mar. 2024 ($0.01 Mil).

Jade Leader's annual Long-Term Capital Lease Obligation stayed the same from Sep. 2021 ($0.00 Mil) to Sep. 2022 ($0.00 Mil) but then increased from Sep. 2022 ($0.00 Mil) to Sep. 2023 ($0.03 Mil).

Jade Leader Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jade Leader'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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Jade Leader Long-Term Capital Lease Obligation Chart

Jade Leader Annual Data

Trend

Sep14

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Sep23

Long-Term Capital Lease Obligation

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0.03

Jade Leader Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	0.04	0.03	0.02	0.01

Jade Leader (OTCPK:MCKRF) 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.

Jade Leader Long-Term Capital Lease Obligation Related Terms

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Jade Leader (Jade Leader) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jade Leader Corp (OTCPK:MCKRF) » Definitions » Long-Term Capital Lease Obligation

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JADE:Canada

Address

808 - 4th Avenue Southwest, Suite 815, Calgary, AB, CAN, T2P 3E8

Website

https://www.jadeleader.ca

Jade Leader Corp is engaged in the business of mineral exploration and development in Canada and the USA. The company operates through its projects which include DJ jade project, Keithly Mountain, Tell Project, and Wyoming Jade Fields.