Omineca Mining and Metals (Omineca Mining and Metals) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)

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What is Omineca Mining and Metals Long-Term Capital Lease Obligation?

Omineca Mining and Metals's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.

Omineca Mining and Metals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Omineca Mining and 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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Omineca Mining and Metals Long-Term Capital Lease Obligation Chart

Omineca Mining and Metals Annual Data

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Long-Term Capital Lease Obligation

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Omineca Mining and Metals Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Omineca Mining and Metals (OTCPK:OMMSF) 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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Omineca Mining and Metals (Omineca Mining and Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omineca Mining and Metals Ltd (OTCPK:OMMSF) » Definitions » Long-Term Capital Lease Obligation

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OMM:Canada

Address

224-4th Avenue South, Suite 602, Saskatoon, SK, CAN, S7K 5M5

Website

https://www.ominecaminingandmetals.com

Omineca Mining and Metals Ltd is a junior gold company. Principally, it is engaged in the acquisition, exploration, and development of mineral properties. Its exploration and evaluation properties are classified into two geographical locations, namely British Columbia and the Yukon. The company's properties include the Fraser Canyon, Mouse Mountain, Wingdam and others.

Omineca Mining and Metals (Omineca Mining and Metals) Headlines

From GuruFocus

Omineca Intercepts 8 Meters of 25.41 g/m3 Placer Gold in Geotechnical Drilling from the Wingdam Underground Placer Gold Project

By PRNewswire • 02-12-2024