Sarama Resources (Sarama Resources) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)

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What is Sarama Resources Long-Term Capital Lease Obligation?

Sarama Resources's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.

Sarama Resources Long-Term Capital Lease Obligation Historical Data

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

Sarama Resources Annual Data

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Long-Term Capital Lease Obligation

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Sarama Resources Quarterly Data
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Sarama Resources (OTCPK:SRMMF) 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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Sarama Resources (Sarama Resources) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sarama Resources Ltd (OTCPK:SRMMF) » Definitions » Long-Term Capital Lease Obligation

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SWA:Canada SRR:Australia

Address

245 Churchill Avenue, Suit 8, Subiaco, Perth, WA, AUS, 6008

Website

https://www.saramaresources.com

Sarama Resources Ltd is an exploration and development stage company with gold projects in Burkina Faso, West Africa. The company's key project is the 100%-owned Sanutura Project which hosts a multi-million-ounce mineral resource. It has additional exposure to exploration success through its 100% interest in the nearby Koumandara Project where early-stage exploration has defined several corridors of gold anomalism that extend up to 40km in length. It has one business segment, being the acquisition, exploration and potential development of mineral properties.