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Tombstone Exploration (Tombstone Exploration) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2021)


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What is Tombstone Exploration Long-Term Capital Lease Obligation?

Tombstone Exploration's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2021 was $0.00 Mil.


Tombstone Exploration Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tombstone Exploration'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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Tombstone Exploration Long-Term Capital Lease Obligation Chart

Tombstone Exploration Annual Data
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Long-Term Capital Lease Obligation
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Tombstone Exploration Semi-Annual Data
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Tombstone Exploration  (OTCPK:TMBXF) 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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Tombstone Exploration (Tombstone Exploration) Business Description

Traded in Other Exchanges
N/A
Address
6529 E. Friess Drive, Scottsdale, AZ, USA, 85254
Tombstone Exploration Corp is an exploration-stage mineral resource company. Its focus of operations has been to generate revenue from the production of silver and gold as well as additional base minerals such as copper, lead, and zinc. The company's objective is to produce metals and minerals below standard industry costs. It holds mineral rights to the Stardust mine located in Yuma County, Arizona. The company's projects include The Bonanza Project, The Tombstone Project, and the Stardust Project.

Tombstone Exploration (Tombstone Exploration) Headlines

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