Avesoro Resources (TSX:ASO) Long-Term Capital Lease Obligation : C$1.8 Mil (As of Sep. 2019)

View and export this data going back to 2011. Start your Free Trial

What is Avesoro Resources Long-Term Capital Lease Obligation?

Avesoro Resources's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2019 was C$1.8 Mil.

Avesoro Resources's quarterly Long-Term Capital Lease Obligation declined from Mar. 2019 (C$2.7 Mil) to Jun. 2019 (C$2.1 Mil) and declined from Jun. 2019 (C$2.1 Mil) to Sep. 2019 (C$1.8 Mil).

Avesoro Resources's annual Long-Term Capital Lease Obligation declined from Dec. 2016 (C$13.1 Mil) to Dec. 2017 (C$7.5 Mil) and declined from Dec. 2017 (C$7.5 Mil) to Dec. 2018 (C$3.0 Mil).

Avesoro Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Avesoro 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.

* Premium members only.

Avesoro Resources Long-Term Capital Lease Obligation Chart

Avesoro Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

10.49

13.06

7.50

3.04

Avesoro Resources Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.91	3.04	2.69	2.10	1.85

Avesoro Resources (TSX:ASO) 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.

Avesoro Resources Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Avesoro Resources's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Avesoro Resources (TSX:ASO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avesoro Resources Inc (TSX:ASO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Bay Street, Royal Bank Plaza, Suite 3800, South Tower, Toronto, ON, CAN, M5J 2Z4

Website

www.avesoro.com

Avesoro Resources Inc is engaged in the exploration and development of gold assets in West Africa, specifically the New Liberty Gold Mine in Liberia. Commercial production at New Liberty. The company's exploration assets are The New Liberty Gold Mine and Ndablama Gold Project located in Liberia, the Youga and Balogo Gold Mines located in Burkina Faso. The operating segments of the company include New Liberty operations, Liberia exploration, Cameroon exploration, and Corporate.