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Pasinex Resources (Pasinex Resources) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2023)


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What is Pasinex Resources Long-Term Capital Lease Obligation?

Pasinex Resources's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil.


Pasinex Resources Long-Term Capital Lease Obligation Historical Data

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

Pasinex Resources Annual Data
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Long-Term Capital Lease Obligation
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Pasinex Resources Quarterly Data
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Pasinex Resources  (OTCPK:PSXRF) 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.

Pasinex Resources Long-Term Capital Lease Obligation Related Terms

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Pasinex Resources (Pasinex Resources) Business Description

Traded in Other Exchanges
Address
2900-550 Burrard Street, Vancouver, BC, CAN, V6C 0A3
Pasinex Resources Ltd is engaged in the acquisition, exploration and development of mineral properties. The company holds interest in the projects Pinargozu Zinc Mine, Gunman project and Akkaya property. The company has a business presence in Turkey, Canada and the U.S. It has one operating segment, acquisition, exploration and development of mineral properties.

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