Trilogy Metals (TSX:TMQ) Long-Term Capital Lease Obligation : C$0.15 Mil (As of Nov. 2024)

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What is Trilogy Metals Long-Term Capital Lease Obligation?

Trilogy Metals's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2024 was C$0.15 Mil.

Trilogy Metals's quarterly Long-Term Capital Lease Obligation increased from May. 2024 (C$0.00 Mil) to Aug. 2024 (C$0.17 Mil) but then declined from Aug. 2024 (C$0.17 Mil) to Nov. 2024 (C$0.15 Mil).

Trilogy Metals's annual Long-Term Capital Lease Obligation declined from Nov. 2022 (C$0.04 Mil) to Nov. 2023 (C$0.00 Mil) but then increased from Nov. 2023 (C$0.00 Mil) to Nov. 2024 (C$0.15 Mil).

Trilogy Metals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Trilogy Metals'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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Trilogy Metals Long-Term Capital Lease Obligation Chart

Trilogy Metals Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Long-Term Capital Lease Obligation

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0.53

0.30

0.04

0.15

Trilogy Metals Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	0.17	0.15

Trilogy Metals (TSX:TMQ) 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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Trilogy Metals Business Description

Industry

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

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Traded in Other Exchanges

TMQ:USA NK5A:Germany

Address

510 Burrard StreeT, Suite 901, Vancouver, BC, CAN, V6C 3A8

Website

https://www.trilogymetals.com

Trilogy Metals Inc is an exploration stage company engaged in mineral exploration. The company focuses on exploring and developing its mineral resource properties, which include the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), in the Ambler mining district located in Alaska, the United States. Its properties include the Arctic copper-zinc-gold-silver project and other mineralized targets within a volcanogenic massive sulfide belt, and it also has a bornite carbonate-hosted copper project.

Executives

Elaine Sanders	Senior Officer
Tony Serafino Giardini	Director, Senior Officer
Richard Gosse	Senior Officer
Patrick Michael Donnelly	Senior Officer
Janice Alayne Stairs	Director
Kalidas Madhavpeddi	Director
Gregory Anthony Lang	Director
William Hayden	Director
Diana Walters	Director
William L. Iggiagruk Hensley	Director
James Kitchener Gowans	Director
Robert Michael Jacko	Senior Officer