Altamira Gold (TSXV:ALTA) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Aug. 2024)

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What is Altamira Gold Long-Term Capital Lease Obligation?

Altamira Gold's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2024 was C$0.00 Mil.

Altamira Gold Long-Term Capital Lease Obligation Historical Data

The historical data trend for Altamira Gold'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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Altamira Gold Long-Term Capital Lease Obligation Chart

Altamira Gold Annual Data

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Long-Term Capital Lease Obligation

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Altamira Gold Quarterly Data
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Altamira Gold (TSXV:ALTA) 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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Altamira Gold Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Altamira Gold Corp (TSXV:ALTA) » Definitions » Long-Term Capital Lease Obligation

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EQTRF:USA T6UP:Germany

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

https://www.altamiragold.com

Altamira Gold Corp is a junior natural resource company. Principally, it is engaged in the acquisition, exploration, development, and mining of mineral properties. Its project consists of the Cajueiro Project, Crepori Project, Apiacas Project, Nova Canada, Santa Helena, and others. The geographical segments of the group are Canada and Brazil.

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