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


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What is Spearmint Resources Long-Term Capital Lease Obligation?

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

Spearmint Resources Long-Term Capital Lease Obligation Historical Data

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

Spearmint Resources Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Long-Term Capital Lease Obligation
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Spearmint Resources Quarterly Data
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Spearmint Resources  (OTCPK:SPMTF) 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.

Spearmint Resources Long-Term Capital Lease Obligation Related Terms

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Spearmint Resources (Spearmint Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Spearmint Resources Inc (OTCPK:SPMTF) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
SQH:Germany SPMT:Canada
Address
700 West Georgia Street, Suite 2905, Vancouver, BC, CAN, V7Y 1K8
Website
https://www.spearmintresources.ca
Spearmint Resources Inc is an exploration stage public company. Its business activities include acquiring and exploring exploration and evaluation assets. Geographically, the group has a business presence in Canada and the United States. Some of the company's projects are Chibougamau Vanadium Prospects, EL North Nickel-Copper Prospects, NEBA Copper-Gold Prospects, QC Chibougamau Vanadium Prospects - Staking, QC Perron-East Gold Prospects - Staking, Nevada Elon and McGee Properties, Nevada Green Clay Lithium Project, NL Goose Gold Property, ON Escape Lake North PGM Project, BC EL North Nickel-Copper Prospects, BC NEBA Copper-Gold Prospects, BC Safari Copper-Gold Property and BC Hammernose Gold Property.