Avalon Advanced Materials (TSX:AVL) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Nov. 2023)

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What is Avalon Advanced Materials Long-Term Capital Lease Obligation?

Avalon Advanced Materials's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.00 Mil.

Avalon Advanced Materials's quarterly Long-Term Capital Lease Obligation declined from Feb. 2023 (C$0.18 Mil) to May. 2023 (C$0.12 Mil) and declined from May. 2023 (C$0.12 Mil) to Nov. 2023 (C$0.00 Mil).

Avalon Advanced Materials's annual Long-Term Capital Lease Obligation increased from Aug. 2019 (C$0.00 Mil) to Aug. 2020 (C$0.69 Mil) but then declined from Aug. 2020 (C$0.69 Mil) to Aug. 2021 (C$0.50 Mil).

Avalon Advanced Materials Long-Term Capital Lease Obligation Historical Data

The historical data trend for Avalon Advanced Materials'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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Avalon Advanced Materials Long-Term Capital Lease Obligation Chart

Avalon Advanced Materials Annual Data

Trend

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Long-Term Capital Lease Obligation

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0.69

0.50

Avalon Advanced Materials Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Nov22	Feb23	May23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.34	0.23	0.18	0.12	-

Avalon Advanced Materials (TSX:AVL) 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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Avalon Advanced Materials (TSX:AVL) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avalon Advanced Materials Inc (TSX:AVL) » Definitions » Long-Term Capital Lease Obligation

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AVLNF:USA OU5A:Germany

Address

130 Adelaide Street West, Suite 1901, Toronto, ON, CAN, M5H 3P5

Website

https://www.avalonadvancedmaterials.com

Avalon Advanced Materials Inc is a mineral exploration and development company. The projects of the company includes East Kemptville, Lilypad, Nechalacho, Separation Rapids, and Warren Township.

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