GETT Gold (TSXV:GETT) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jun. 2024)

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What is GETT Gold Long-Term Capital Lease Obligation?

GETT Gold's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.00 Mil.

GETT Gold's annual Long-Term Capital Lease Obligation declined from Sep. 2021 (C$0.01 Mil) to Sep. 2022 (C$0.00 Mil) but then stayed the same from Sep. 2022 (C$0.00 Mil) to Sep. 2023 (C$0.00 Mil).

GETT Gold Long-Term Capital Lease Obligation Historical Data

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

GETT Gold Annual Data

Trend

Sep14

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Sep16

Sep17

Sep18

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Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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0.13

0.01

GETT Gold Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

GETT Gold (TSXV:GETT) 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.

GETT Gold Long-Term Capital Lease Obligation Related Terms

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GETT Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GETT Gold Inc (TSXV:GETT) » Definitions » Long-Term Capital Lease Obligation

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RCCMF:USA

Address

7055 Boulevard Taschereau, Suite 500, Brossard, QC, CAN, J4Z 1A7

Website

https://www.gettgold.com

GETT Gold Inc is engaged in the exploration and development of mineral properties in Canada. Its project includes Courville Maruska. The Company's exclusive and patented thermal fragmentation mining method is ideal for extracting narrow vein deposits. In addition, the company provides thermal fragmentation mining technology for the mining industry.

Executives

Fabien Miller

Director

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