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TRRGF (Transatlantic Mining) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2024)


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What is Transatlantic Mining Long-Term Capital Lease Obligation?

Transatlantic Mining's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.00 Mil.


Transatlantic Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for Transatlantic Mining'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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Transatlantic Mining Long-Term Capital Lease Obligation Chart

Transatlantic Mining Annual Data
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Long-Term Capital Lease Obligation
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Transatlantic Mining Quarterly Data
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Transatlantic Mining  (OTCPK:TRRGF) 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.

Transatlantic Mining Long-Term Capital Lease Obligation Related Terms

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Transatlantic Mining Business Description

Traded in Other Exchanges
Address
837 West Hastings Street, Suite 400, Vancouver, BC, CAN, V6C 3N6
Transatlantic Mining Corp is an emerging precious and base metal explorer. The company has a focus on converting projects into mines within stable mining jurisdictions. It has property interests including an 80% Joint Venture position on the Monitor Copper-Gold project in Montana-Idaho (USA) and 100 % of the Golden Jubilee Gold Project with its associated mining rights. The company has an extended lease, right to mine and purchase arrangement for the Miller Gold Mine in Montana to 100% ownership by way of payment royalty.

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