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Kincora Copper (TSXV:KCC) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Sep. 2024)


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What is Kincora Copper Long-Term Capital Lease Obligation?

Kincora Copper's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.00 Mil.


Kincora Copper Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kincora Copper'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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Kincora Copper Long-Term Capital Lease Obligation Chart

Kincora Copper Annual Data
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Long-Term Capital Lease Obligation
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Kincora Copper Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Kincora Copper  (TSXV:KCC) 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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Kincora Copper Business Description

Industry
Traded in Other Exchanges
Address
837 West Hastings Street, Suite 400, Vancouver, BC, CAN, V6C 3N6
Kincora Copper Ltd is a mineral exploration company. The company is engaged in the acquisition and exploration of exploration and evaluation assets in Mongolia. It operates in Kincora's dominant position between and on strike from the two existing copper mines in the Southern Gobi. It operates in two operating segments which are the Acquisition of and Exploration for Exploration and Evaluation Assets in Mongolia and Australia. Its projects are the Trundle project, Fairholme project, Jemalong project, Northern Junee - Narromine belt, Wongarbon project, Cundumbul project, Condobolin project, Southern Gobi belt, and Lachilan fold.
Executives
John Holliday Director

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