Erdene Resource Development (TSX:ERD) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2024)

View and export this data going back to 2005. Start your Free Trial

What is Erdene Resource Development Long-Term Capital Lease Obligation?

Erdene Resource Development's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil.

Erdene Resource Development's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$0.09 Mil) to Dec. 2022 (C$0.02 Mil) and declined from Dec. 2022 (C$0.02 Mil) to Dec. 2023 (C$0.00 Mil).

Erdene Resource Development Long-Term Capital Lease Obligation Historical Data

The historical data trend for Erdene Resource Development'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.

Erdene Resource Development Long-Term Capital Lease Obligation Chart

Erdene Resource Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

0.11

0.09

0.02

Erdene Resource Development Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.01	0.01	-	-	-

Erdene Resource Development (TSX:ERD) 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.

Erdene Resource Development Long-Term Capital Lease Obligation Related Terms

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

Erdene Resource Development (TSX:ERD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Erdene Resource Development Corp (TSX:ERD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ERDCF:USA

Address

99 Wyse Road, Metropolitan Place, Suite 1480, Dartmouth, NS, CAN, B3A 4S5

Website

https://www.erdene.com

Erdene Resource Development Corp is a Canadian-based resource exploration company. It is primarily engaged in the exploration and development of precious metals and mineral deposits in Mongolia. The company's project consists of Bayan Khundii, Altan Nar, Zuun Mod, and Khuvyn Khar. The Bayan Khundii and Altan Nar project is located within the Tian-Shan copper-gold belt in southwest Mongolia from the Chinese border city of Ceke. The Zuun Mod project is located within 200 kilometres of China's border in Mongolia's Bayankhongor Province. The Khuvyn Khar copper-silver project is located on the Zuun Mod property.

Executives

John Philip Byrne	Director
Peter Akerley	Director, Senior Officer

Erdene Resource Development (TSX:ERD) Headlines

No Headlines