RTG Mining (TSX:RTG) Long-Term Capital Lease Obligation : C$0.94 Mil (As of Dec. 2023)

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What is RTG Mining Long-Term Capital Lease Obligation?

RTG Mining's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.94 Mil.

RTG Mining's quarterly Long-Term Capital Lease Obligation increased from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$1.06 Mil) but then declined from Dec. 2022 (C$1.06 Mil) to Dec. 2023 (C$0.94 Mil).

RTG Mining's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$1.06 Mil) but then declined from Dec. 2022 (C$1.06 Mil) to Dec. 2023 (C$0.94 Mil).

RTG Mining Long-Term Capital Lease Obligation Historical Data

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

RTG Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.26

0.07

1.06

0.94

RTG Mining Semi-Annual Data
	Jun11	Jun12	Jun13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								0.26	0.07	-	1.06	0.94

RTG Mining (TSX:RTG) 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.

RTG Mining Long-Term Capital Lease Obligation Related Terms

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RTG Mining Business Description

Industry

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

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RTTGF:USA RTG:Australia

Address

516 Hay Street, Level 1, Subiaco, WA, AUS, 6008

Website

https://www.rtgmining.com

RTG Mining Inc is into the mining and exploration business. It is focused on high-grade, low operating cost gold projects. Some of its minor exploration and evaluation assets are held in Africa, all of the company's other assets are located in the Philippines. The organization's principal asset and focus are the Mabilo Project located in Camarines Norte Province, Eastern Luzon, Philippines. The company's other projects include The Bunawan project and the Nalesbitan Project.

Executives

Richard Charles Hains

10% Security Holder

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