Arizona Sonoran Copper Co (TSX:ASCU) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Dec. 2023)

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What is Arizona Sonoran Copper Co Long-Term Capital Lease Obligation?

Arizona Sonoran Copper Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil.

Arizona Sonoran Copper Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$0.04 Mil) to Sep. 2023 (C$0.02 Mil) and declined from Sep. 2023 (C$0.02 Mil) to Dec. 2023 (C$0.00 Mil).

Arizona Sonoran Copper Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$0.15 Mil) to Dec. 2022 (C$0.09 Mil) and declined from Dec. 2022 (C$0.09 Mil) to Dec. 2023 (C$0.00 Mil).

Arizona Sonoran Copper Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Arizona Sonoran Copper Co'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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Arizona Sonoran Copper Co Long-Term Capital Lease Obligation Chart

Arizona Sonoran Copper Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.15

0.09

Arizona Sonoran Copper Co Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											0.09	0.07	0.04	0.02	-

Arizona Sonoran Copper Co (TSX:ASCU) 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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Arizona Sonoran Copper Co (TSX:ASCU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arizona Sonoran Copper Co Inc (TSX:ASCU) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ASCUF:USA H6F:Germany

Address

Simpson Tower, 401 Bay Street, Suite 2704, Box Number 4, Toronto, ON, CAN, M5H 2Y4

Website

https://www.arizonasonoran.com

Arizona Sonoran Copper Co Inc is a mineral exploration company. It owns interests in the Cactus Project, located to the southeast of the Phoenix metropolitan area, on private land in Pinal County, Arizona.

Executives

Alan R. Edwards	Director
Sarah Ann Strunk	Director

Arizona Sonoran Copper Co (TSX:ASCU) Headlines

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