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SNGCF (Sanu Gold) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2024)


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What is Sanu Gold Long-Term Capital Lease Obligation?

Sanu Gold's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil.

Sanu Gold Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sanu Gold'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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Sanu Gold Long-Term Capital Lease Obligation Chart

Sanu Gold Annual Data
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Long-Term Capital Lease Obligation
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Sanu Gold Quarterly Data
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Sanu Gold  (OTCPK:SNGCF) 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.

Sanu Gold Long-Term Capital Lease Obligation Related Terms

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Sanu Gold Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sanu Gold Corp (OTCPK:SNGCF) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
L73:Germany SANU:Canada
Address
1030 West Georgia Street, Suite 717, Vancouver, BC, CAN, V6E 2Y3
Website
https://www.sanugoldcorp.com
Sanu Gold Corp is a mining, exploration, and development company that has interests in three drill-ready gold exploration projects in Guinea, West Africa's Siguiri Basin. The Corporation's primary project is the Banta Baye Property, The other projects are known as the Diguifara project, Bantabaye project and the Daina project.