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Cosigo Resources (TSXV:CSG.H) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Dec. 2023)


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What is Cosigo Resources Long-Term Capital Lease Obligation?

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


Cosigo Resources Long-Term Capital Lease Obligation Historical Data

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

Cosigo Resources Annual Data
Trend Nov10 Dec11 Dec12 Dec13 Dec14 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Cosigo Resources Quarterly Data
Mar15 Jun15 Sep15 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Cosigo Resources  (TSXV:CSG.H) 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.

Cosigo Resources Long-Term Capital Lease Obligation Related Terms

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Cosigo Resources (TSXV:CSG.H) Business Description

Traded in Other Exchanges
N/A
Address
3854 Cadboro Bay Road, Victoria, BC, CAN, V8N 4G4
Cosigo Resources Ltd is engaged in the exploration and development of mineral properties located in Canada, Brazil, and Colombia. Its projects include Machado, CN mineral project, Damian area and other projects.

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