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Atacama Copper (TSXV:ACOP) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2024)


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What is Atacama Copper Long-Term Capital Lease Obligation?

Atacama Copper's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil.


Atacama Copper Long-Term Capital Lease Obligation Historical Data

The historical data trend for Atacama Copper'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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Atacama Copper Long-Term Capital Lease Obligation Chart

Atacama Copper Annual Data
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Long-Term Capital Lease Obligation
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Atacama Copper Quarterly Data
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Atacama Copper  (TSXV:ACOP) 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.

Atacama Copper Long-Term Capital Lease Obligation Related Terms

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Atacama Copper Business Description

Traded in Other Exchanges
N/A
Address
625 Howe Street, Suite 410, Vancouver, BC, CAN, V6C 2T6
Atacama Copper Corp is focused on copper and is engaged in the acquisition, exploration, and development of mineral properties in Chile. It owns an interest in the Placeton copper property situated in the Atacama mineral belt in Chile's 3rd region between Relincho copper and El Morro copper-gold projects. In addition, it owns El Cofre copper-cobalt-gold property in the prolific cobalt belt of Chile located in the Atacama Province of Chile's 3rd region.
Executives
Martyn William Ian Buttenshaw Director
Scott Victor Andrew Hicks Director

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