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M3 Metals (M3 Metals) Long-Term Capital Lease Obligation : $0.00 Mil (As of Nov. 2023)


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What is M3 Metals Long-Term Capital Lease Obligation?

M3 Metals's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil.


M3 Metals Long-Term Capital Lease Obligation Historical Data

The historical data trend for M3 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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M3 Metals Long-Term Capital Lease Obligation Chart

M3 Metals Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Long-Term Capital Lease Obligation
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M3 Metals Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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M3 Metals  (OTCPK:MLGCF) 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.

M3 Metals Long-Term Capital Lease Obligation Related Terms

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M3 Metals (M3 Metals) Business Description

Industry
Traded in Other Exchanges
Address
1455 Bellevue Avenue, Suite 300, Vancouver, BC, CAN, V7T 1C3
M3 Metals Corp is a Canadian listed company. The company's business is to acquire, explore, and develop interests in mineral properties located in North America. Its only operating segment, being the acquisition and exploration of assets. The company's projects include Texas Spring project, G-South property and Lakshmi-Daggett Ridge project.

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