First Mining Gold (TSX:FF) Long-Term Capital Lease Obligation : C$0.16 Mil (As of Mar. 2025)

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What is First Mining Gold Long-Term Capital Lease Obligation?

First Mining Gold's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was C$0.16 Mil.

First Mining Gold's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (C$0.19 Mil) to Dec. 2024 (C$0.18 Mil) and declined from Dec. 2024 (C$0.18 Mil) to Mar. 2025 (C$0.16 Mil).

First Mining Gold's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (C$0.17 Mil) to Dec. 2023 (C$0.01 Mil) but then increased from Dec. 2023 (C$0.01 Mil) to Dec. 2024 (C$0.18 Mil).

First Mining Gold Long-Term Capital Lease Obligation Historical Data

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

First Mining Gold Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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0.44

0.32

0.17

0.01

0.18

First Mining Gold Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.21	0.21	0.19	0.18	0.16

First Mining Gold (TSX:FF) 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.

First Mining Gold Long-Term Capital Lease Obligation Related Terms

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First Mining Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Mining Gold Corp (TSX:FF) » Definitions » Long-Term Capital Lease Obligation

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FFMGF:USA 0P07:UK FMG:Germany FMG:Germany

Address

1188 West Georgia Street, Suite 2070, Vancouver, BC, CAN, V6E 4A2

Website

https://www.firstmininggold.com

First Mining Gold Corp is engaged in the acquisition, exploration, development, and selective disposition of its North American mineral properties. It is engaged in advancing a portfolio of gold projects in Canada, with the project being the Springpole Gold Project in northwestern Ontario. The portfolio of the company includes gold projects in eastern Canada also includes Hope Brook, Cameron, Duparquet, Duquesne, and Pitt gold projects. In addition, the Company holds an interest in the PC Gold legal entity which holds the Pickle Crow gold project.

Executives

Keith Neumeyer	Director
Stephen Andrew Lines	Senior Officer
Richard Lock	Director
Raymond L. Polman	Director
Samir Devendra Patel	Senior Officer
Kenneth Engquist	Senior Officer
Andrew Colin Marshall	Senior Officer
Daniel William Wilton	Director, Senior Officer
Malgorzata Karwowska	Senior Officer
David Andrew Shaw	Director, Senior Officer