MGIDF (Magnum Goldcorp) Long-Term Capital Lease Obligation : $0.00 Mil (As of Aug. 2024)

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What is Magnum Goldcorp Long-Term Capital Lease Obligation?

Magnum Goldcorp's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2024 was $0.00 Mil.

Magnum Goldcorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for Magnum Goldcorp'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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Magnum Goldcorp Long-Term Capital Lease Obligation Chart

Magnum Goldcorp Annual Data

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Long-Term Capital Lease Obligation

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Magnum Goldcorp Quarterly Data
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Magnum Goldcorp (OTCPK:MGIDF) 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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Magnum Goldcorp Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magnum Goldcorp Inc (OTCPK:MGIDF) » Definitions » Long-Term Capital Lease Obligation

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1CJ:Germany MGI:Canada

Address

2489 Bellevue Avenue, West Vancouver, BC, CAN, V7V 1E1

Website

http://www.magnumgoldcorp.com

Magnum Goldcorp Inc is mainly engaged in the acquisition and exploration of mineral resource properties. The company holds an interest in LH Gold property located in the east of Slocan Mining Division of Southeastern British Columbia.

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