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AC/DC Battery Metals (TSXV:ACDC) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Apr. 2024)


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What is AC/DC Battery Metals Long-Term Capital Lease Obligation?

AC/DC Battery Metals's Long-Term Capital Lease Obligation for the quarter that ended in Apr. 2024 was C$0.00 Mil.

AC/DC Battery Metals Long-Term Capital Lease Obligation Historical Data

The historical data trend for AC/DC Battery 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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AC/DC Battery Metals Long-Term Capital Lease Obligation Chart

AC/DC Battery Metals Annual Data
Trend Jul24
Long-Term Capital Lease Obligation
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AC/DC Battery Metals Semi-Annual Data
Apr24
Long-Term Capital Lease Obligation -

AC/DC Battery Metals  (TSXV:ACDC) 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.

AC/DC Battery Metals Long-Term Capital Lease Obligation Related Terms

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AC/DC Battery Metals Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AC/DC Battery Metals Inc (TSXV:ACDC) » Definitions » Long-Term Capital Lease Obligation
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Address
3028 Quadra Court, Coquitlam, BC, CAN, V3B 5X6
Website
https://gridbatterymetals.com
AC/DC Battery Metals Inc is a company focused on nickel and lithium, it is also focused on exploration for high value battery metals required for the electric vehicle market. Among its portfolio, our Lithium projects hold significant importance as Lithium is a critical element in the manufacturing of electric vehicle batteries and energy storage systems. Its project is very well situated in central British Columbia with access via high-speed logging roads, secondary forestry roads, rails lines, and hydroelectric power that crisscrosses this region of British Columbia.