Pershing Resources Co (Pershing Resources Co) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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What is Pershing Resources Co Long-Term Capital Lease Obligation?

Pershing Resources Co's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.

Pershing Resources Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pershing Resources Co'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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Pershing Resources Co Long-Term Capital Lease Obligation Chart

Pershing Resources Co Annual Data

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Long-Term Capital Lease Obligation

Pershing Resources Co Quarterly Data

Long-Term Capital Lease Obligation

Pershing Resources Co (OTCPK:PSGR) 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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Pershing Resources Co (Pershing Resources Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pershing Resources Co Inc (OTCPK:PSGR) » Definitions » Long-Term Capital Lease Obligation

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Address

200 South Virginia Street, 8th Floor, Reno, NV, USA, 89501

Website

https://www.pershingpm.com

Pershing Resources Co Inc is a copper exploration and development company. The company is focused on the identification, exploration, and discovery of copper porphyry deposits in North America. The firm currently owns 100% mineral rights interest in nearly five porphyry-related copper-gold, silver (Cu, Au, Ag), projects in Arizona and approximately three gold and silver (Au and Ag) projects in Nevada. The New Enterprise Project is a copper, gold, and silver porphyry-related prospect near Kingman, Arizona, and is the company's lead project.