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Chesapeake Gold (TSXV:CKG) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Dec. 2023)


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What is Chesapeake Gold Long-Term Capital Lease Obligation?

Chesapeake Gold's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil.


Chesapeake Gold Long-Term Capital Lease Obligation Historical Data

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

Chesapeake Gold Annual Data
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Long-Term Capital Lease Obligation
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Chesapeake Gold Quarterly Data
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Chesapeake Gold  (TSXV:CKG) 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.

Chesapeake Gold Long-Term Capital Lease Obligation Related Terms

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Chesapeake Gold (TSXV:CKG) Business Description

Traded in Other Exchanges
Address
1166 Alberni Street, Suite 1201, Vancouver, BC, CAN, V6E 3Z3
Chesapeake Gold Corp is a development-stage company engaged in the exploration, development, and recovery of precious metals. The company focuses on the development of its Metates project in Durango State, Mexico. Its other projects are El Duraznito, Yarely, Cerro Minas, La Gitana, and La Cecilia in Mexico; and Talapoosa in the United States.

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