Variscan Mines (Variscan Mines) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

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What is Variscan Mines Long-Term Capital Lease Obligation?

Variscan Mines's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

Variscan Mines Long-Term Capital Lease Obligation Historical Data

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

Variscan Mines Annual Data

Trend

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Long-Term Capital Lease Obligation

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Variscan Mines Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Variscan Mines (OTCPK:PLTSF) 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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Variscan Mines (Variscan Mines) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Variscan Mines Ltd (OTCPK:PLTSF) » Definitions » Long-Term Capital Lease Obligation

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VAR:Australia

Address

7 The Esplanade, Suite 8, Mount Pleasant, Perth, WA, AUS, 6153

Website

https://www.variscan.com.au

Variscan Mines Ltd is engaged in exploring and developing mineral properties in Europe and Australia. It focuses on base metals, such as copper, lead, zinc, and nickel; precious metals comprising gold and silver; and tin, and tungsten deposits. It holds an interest in the Merleac, Silfiac, Tennie, Beaulieu, Loc Enrel, St Pierre, and Couflents licenses located in France. The company also owns an interest in Olary, Broken Hill, Euriowie, Callabonna, Quinyambie, and Hillston projects located in Curnamona Craton, South Australia; and the Ghost Rider and Achilles projects of the Lachlan Orogen in New South Wales. The firm operates in two geographical segments, being Australia and Spain.

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