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Graphano Energy (TSXV:GEL) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jan. 2024)


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What is Graphano Energy Long-Term Capital Lease Obligation?

Graphano Energy's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil.


Graphano Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Graphano Energy'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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Graphano Energy Long-Term Capital Lease Obligation Chart

Graphano Energy Annual Data
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Long-Term Capital Lease Obligation
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Graphano Energy Quarterly Data
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Graphano Energy  (TSXV:GEL) 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.

Graphano Energy Long-Term Capital Lease Obligation Related Terms

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Graphano Energy (TSXV:GEL) Business Description

Traded in Other Exchanges
Address
120 Carlton Street, Suite 219, Toronto, ON, CAN, M5A 4K2
Graphano Energy Ltd is a mining company focused on evaluating, acquiring, and developing graphite resources with potential from exploration to production. The properties of the company includes the Lac aux Bouleaux, Standard Graphite Mine, and Dudley & Lac Vert-Bouthillier Graphite Project.