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Awale Resources (TSXV:ARIC) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Sep. 2024)


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What is Awale Resources Long-Term Capital Lease Obligation?

Awale Resources's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.00 Mil.


Awale Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Awale Resources'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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Awale Resources Long-Term Capital Lease Obligation Chart

Awale Resources Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Awale Resources Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Awale Resources  (TSXV:ARIC) 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.

Awale Resources Long-Term Capital Lease Obligation Related Terms

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Awale Resources Business Description

Traded in Other Exchanges
Address
8681 Clay Street, Suite 1020, Mission, BC, CAN, V4S1E7
Awale Resources Ltd is engaged in gold exploration in Cote d'Ivoire. The company projects include Bondoukou, Odienne, and Abengourou.
Executives
Ardem Keshishian Senior Officer
Orecap Invest Corp. 10% Security Holder
Robin Jonathan Eckford Birchall Director
Andrew Chubb Director, Senior Officer
Derk Hartman Director
Kathryn Ellen Witter Senior Officer
Stephen Alexander Nelson Stewart Director
Glen William Parsons Director, Senior Officer
Capital Drilling Limited 10% Security Holder
Nolan Allan Watson Director or Senior Officer of 10% Security Holder

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