Prime Mining (Prime Mining) Long-Term Capital Lease Obligation : $0.06 Mil (As of Dec. 2023)

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What is Prime Mining Long-Term Capital Lease Obligation?

Prime Mining's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.06 Mil.

Prime Mining's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($0.09 Mil) to Sep. 2023 ($0.07 Mil) and declined from Sep. 2023 ($0.07 Mil) to Dec. 2023 ($0.06 Mil).

Prime Mining's annual Long-Term Capital Lease Obligation increased from Apr. 2021 ($0.00 Mil) to Dec. 2022 ($0.09 Mil) but then declined from Dec. 2022 ($0.09 Mil) to Dec. 2023 ($0.06 Mil).

Prime Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for Prime Mining'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.

* Premium members only.

Prime Mining Long-Term Capital Lease Obligation Chart

Prime Mining Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.01

0.05

0.09

0.06

Prime Mining Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.10	0.09	0.09	0.07	0.06

Prime Mining (OTCPK:PRMNF) 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.

Prime Mining Long-Term Capital Lease Obligation Related Terms

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Prime Mining (Prime Mining) Business Description

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

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O4V3:Germany PRYM:Canada

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.primeminingcorp.ca

Prime Mining Corp is engaged in the acquisition, exploration, and development of mineral resource properties, primarily targeting high-value and specialty metals. The company's projects include Los Reyes; Magenta and others. The Company has one operating segment, which is the acquisition and exploration of mineral properties.