PLMNF (Palamina) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2024)

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What is Palamina Long-Term Capital Lease Obligation?

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

Palamina Long-Term Capital Lease Obligation Historical Data

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

Palamina Annual Data

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Long-Term Capital Lease Obligation

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Palamina Quarterly Data
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Palamina (OTCPK:PLMNF) 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.

Palamina Long-Term Capital Lease Obligation Related Terms

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Palamina Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Palamina Corp (OTCPK:PLMNF) » Definitions » Long-Term Capital Lease Obligation

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PA:Canada

Address

145 King Street West, Suite 2870, Toronto, ON, CAN, M5H 1J8

Website

https://www.palamina.com

Palamina Corp is a Canada-based exploration stage company focused on the exploration of economic mineral deposits in Peru, and to a lesser extent in Mexico. The company's properties include the Peru Properties and El Santuario Properties. Some of its projects include the Coasa Gold Project, Bendi Gold Project, and Lagos Silver Copper Project, among others. It operates in a single segment. Geographically, it operates in Canada, Peru, and Mexico, out of which the majority is from Canada.

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