Kirkland Lake Gold (TSX:KL) Long-Term Capital Lease Obligation : C$22 Mil (As of Sep. 2021)

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What is Kirkland Lake Gold Long-Term Capital Lease Obligation?

Kirkland Lake Gold's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2021 was C$22 Mil.

Kirkland Lake Gold's quarterly Long-Term Capital Lease Obligation declined from Mar. 2021 (C$24 Mil) to Jun. 2021 (C$23 Mil) and declined from Jun. 2021 (C$23 Mil) to Sep. 2021 (C$22 Mil).

Kirkland Lake Gold's annual Long-Term Capital Lease Obligation declined from Dec. 2018 (C$13 Mil) to Dec. 2019 (C$7 Mil) but then increased from Dec. 2019 (C$7 Mil) to Dec. 2020 (C$25 Mil).

Kirkland Lake Gold Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kirkland Lake 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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Kirkland Lake Gold Long-Term Capital Lease Obligation Chart

Kirkland Lake Gold Annual Data

Trend

Apr11

Apr12

Apr13

Apr14

Apr15

Dec16

Dec17

Dec18

Dec19

Dec20

Long-Term Capital Lease Obligation

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20.22

28.37

13.11

6.77

24.69

Kirkland Lake Gold Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															21.73	24.69	24.12	22.68	21.64

Kirkland Lake Gold (TSX:KL) 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.

Kirkland Lake Gold Long-Term Capital Lease Obligation Related Terms

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Kirkland Lake Gold (TSX:KL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kirkland Lake Gold Ltd (TSX:KL) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

200 Bay Street, Suite 2800, Toronto, ON, CAN, M5J 2J1

Website

https://www.klgold.com

Kirkland Lake Gold Ltd is a Canada-based gold mining, development, and exploration company with a diversified portfolio of exploration projects. The production profile of the company includes the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Also, the company owns the Holt mine and the Detour mine. The company's mines and material mineral projects are located in Canada and Australia.