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Q2 Metals (Q2 Metals) Long-Term Capital Lease Obligation : $0.00 Mil (As of Nov. 2023)


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What is Q2 Metals Long-Term Capital Lease Obligation?

Q2 Metals's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil.


Q2 Metals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Q2 Metals'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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Q2 Metals Long-Term Capital Lease Obligation Chart

Q2 Metals Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Long-Term Capital Lease Obligation
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Q2 Metals Quarterly Data
Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 Aug23 Nov23
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Q2 Metals  (OTCPK:QUEXF) 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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Q2 Metals (Q2 Metals) Business Description

Industry
Traded in Other Exchanges
Address
409 Granville Street, Suite 904, Vancouver, BC, CAN, V6C1T2
Q2 Metals Corp is a mineral exploration and development company focused on gold discoveries in the historic mining districts of Queensland Australia. The company is advancing the drill-ready Big Hills Gold Project in South-East Queensland, Australia. The company operates in a single reportable operating segment, the acquisition, exploration and development of base and precious metals including zinc, silver and gold projects in Canada and the United States.

Q2 Metals (Q2 Metals) Headlines

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