Infinico Metals (TSXV:INFM) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Dec. 2023)

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What is Infinico Metals Long-Term Capital Lease Obligation?

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

Infinico Metals's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$0.03 Mil) to Dec. 2022 (C$0.01 Mil) and declined from Dec. 2022 (C$0.01 Mil) to Dec. 2023 (C$0.00 Mil).

Infinico Metals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Infinico Metals'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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Infinico Metals Long-Term Capital Lease Obligation Chart

Infinico Metals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.03

0.01

Infinico Metals Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									0.01	-	-	-	-

Infinico Metals (TSXV:INFM) 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.

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Infinico Metals (TSXV:INFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Infinico Metals Corp (TSXV:INFM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1507 1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.burin-gold.com

Infinico Metals Corp, formerly Burin Gold Corp is is engaged in the identification, acquisition, and exploration of properties for mining of precious and base metals. It focuses on the Hickey's Pond Paradise Gold project.

Executives

Plethora Private Equity Management	10% Security Holder
Stichting Legal Owner Plethora Private Equity	10% Security Holder

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