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BCM Resources (TSXV:B) Long-Term Capital Lease Obligation : C$0.00 Mil (As of May. 2024)


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What is BCM Resources Long-Term Capital Lease Obligation?

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


BCM Resources Long-Term Capital Lease Obligation Historical Data

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

BCM Resources Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Long-Term Capital Lease Obligation
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BCM Resources Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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BCM Resources  (TSXV:B) 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.

BCM Resources Long-Term Capital Lease Obligation Related Terms

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BCM Resources Business Description

Industry
Traded in Other Exchanges
Address
400 Burrard Street, Suite 1780, Vancouver, BC, CAN, V6C 3A6
BCM Resources Corp is principally engaged in the acquisition, exploration, development, and mining of mineral properties. The company holds interests in the Carter property in Canada and Thompson Knolls Property in the United States.
Executives
Richard Robert Redfern Director, Senior Officer