New Age Metals (New Age Metals) Long-Term Capital Lease Obligation : $0.07 Mil (As of Jan. 2024)

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What is New Age Metals Long-Term Capital Lease Obligation?

New Age Metals's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.07 Mil.

New Age Metals's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 ($0.08 Mil) to Oct. 2023 ($0.07 Mil) and declined from Oct. 2023 ($0.07 Mil) to Jan. 2024 ($0.07 Mil).

New Age Metals's annual Long-Term Capital Lease Obligation stayed the same from Apr. 2021 ($0.00 Mil) to Apr. 2022 ($0.00 Mil) but then increased from Apr. 2022 ($0.00 Mil) to Apr. 2023 ($0.09 Mil).

New Age Metals Long-Term Capital Lease Obligation Historical Data

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

New Age Metals Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Long-Term Capital Lease Obligation

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0.01

0.09

New Age Metals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.10	0.09	0.08	0.07	0.07

New Age Metals (OTCPK:NMTLF) 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.

New Age Metals Long-Term Capital Lease Obligation Related Terms

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New Age Metals (New Age Metals) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Age Metals Inc (OTCPK:NMTLF) » Definitions » Long-Term Capital Lease Obligation

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P7J2:Germany NAM:Canada

Address

2148 West 38th Avenue, Suite 101, Vancouver, BC, CAN, V6M 1R9

Website

https://www.newagemetals.com

New Age Metals Inc is a green metal, mineral exploration and development company. The company has two divisions, each engaged in the process of acquiring, exploring and developing Platinum Group Metal (PGM) and Lithium projects. Geographically, it operates in Canada and USA, out of which the majority of its revenue is from Canada. Its project includes the palladium projects in North America - its flagship River Valley PGM Project (near Sudbury, Ontario), Genesis PGM-Cu-Ni Project (Alaska) and seven Lithium projects (Manitoba).

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