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GMV Minerals (TSXV:GMV) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Dec. 2024)


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What is GMV Minerals Long-Term Capital Lease Obligation?

GMV Minerals's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$0.00 Mil.


GMV Minerals Long-Term Capital Lease Obligation Historical Data

The historical data trend for GMV Minerals'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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GMV Minerals Long-Term Capital Lease Obligation Chart

GMV Minerals Annual Data
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Long-Term Capital Lease Obligation
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GMV Minerals Quarterly Data
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GMV Minerals  (TSXV:GMV) 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.

GMV Minerals Long-Term Capital Lease Obligation Related Terms

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GMV Minerals Business Description

Industry
Traded in Other Exchanges
Address
1090 West Georgia Street, Suite 1050, Vancouver, BC, CAN, V6E 3V7
GMV Minerals Inc is an exploration stage and its principal business activity is the sourcing and exploration of mineral properties. The company is in the process of exploring its principal mineral properties in southeast Arizona and north central Nevada. It holds an interest in the Mexican Hat project, in Arizona, and the Daisy Creek Lithium project in Nevada. The company has one operating segment: mineral exploration. GMV Minerals operates in one geographical segment, the United States of America.
Executives
Alistair Maclennan Director, Senior Officer
Ian Mcculloch Klassen Director
Robert Coltura Director

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