K92 Mining (TSX:KNT) Long-Term Capital Lease Obligation : C$0.8 Mil (As of Dec. 2023)

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What is K92 Mining Long-Term Capital Lease Obligation?

K92 Mining's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.8 Mil.

K92 Mining's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$2.9 Mil) to Sep. 2023 (C$0.8 Mil) and declined from Sep. 2023 (C$0.8 Mil) to Dec. 2023 (C$0.8 Mil).

K92 Mining's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$11.9 Mil) to Dec. 2022 (C$6.5 Mil) and declined from Dec. 2022 (C$6.5 Mil) to Dec. 2023 (C$0.8 Mil).

K92 Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for K92 Mining'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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K92 Mining Long-Term Capital Lease Obligation Chart

K92 Mining Annual Data

Trend

Aug14

Aug15

Aug16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.02

1.68

11.90

6.48

0.81

K92 Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															6.48	4.57	2.90	0.85	0.81

K92 Mining (TSX:KNT) 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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K92 Mining (TSX:KNT) Business Description

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KNTNF:USA 92K:Germany

Address

1090 West Georgia Street, Suite 488, Vancouver, BC, CAN, V6E 3V7

Website

https://www.k92mining.com

K92 Mining Inc is engaged in the exploration, development and mining of mineral deposits in Papua New Guinea, specifically the Kainantu Project.

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