NWXPF (Newport Exploration) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jul. 2024)

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What is Newport Exploration Long-Term Capital Lease Obligation?

Newport Exploration's Long-Term Capital Lease Obligation for the quarter that ended in Jul. 2024 was $0.00 Mil.

Newport Exploration's quarterly Long-Term Capital Lease Obligation declined from Jan. 2024 ($0.02 Mil) to Apr. 2024 ($0.01 Mil) and declined from Apr. 2024 ($0.01 Mil) to Jul. 2024 ($0.00 Mil).

Newport Exploration's annual Long-Term Capital Lease Obligation declined from Jul. 2022 ($0.10 Mil) to Jul. 2023 ($0.05 Mil) and declined from Jul. 2023 ($0.05 Mil) to Jul. 2024 ($0.00 Mil).

Newport Exploration Long-Term Capital Lease Obligation Historical Data

The historical data trend for Newport Exploration'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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Newport Exploration Long-Term Capital Lease Obligation Chart

Newport Exploration Annual Data

Trend

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Jul24

Long-Term Capital Lease Obligation

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0.10

0.05

Newport Exploration Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.05	0.03	0.02	0.01	-

Newport Exploration (OTCPK:NWXPF) 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.

Newport Exploration Long-Term Capital Lease Obligation Related Terms

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Newport Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newport Exploration Ltd (OTCPK:NWXPF) » Definitions » Long-Term Capital Lease Obligation

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1XX:Germany NWX:Canada

Address

2168 Marine Drive, Suite 202, Vancouver, BC, CAN, V7V 1K3

Website

https://www.newport-exploration.com

Newport Exploration Ltd is an exploration stage company. It is engaged in the acquisition and exploration of resource properties. Its projects include Cooper Basin in Australia and Chu Chua property in Canada. Newport has royalty interests in producing oil and gas permits in the Cooper Basin, Australia, and a mining project in British Columbia, Canada. Its Cooper Basin project includes EX-PEL 91 OIL and EX-PEL'S 632, 106, and PPL 239-WET GAS, which is located on Western Wet Gas Fairway, Cooper Basin.