Monarca Minerals (TSXV:MMN) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Feb. 2024)

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What is Monarca Minerals Long-Term Capital Lease Obligation?

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

Monarca Minerals Long-Term Capital Lease Obligation Historical Data

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

Monarca Minerals Annual Data

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Long-Term Capital Lease Obligation

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Monarca Minerals Quarterly Data
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Monarca Minerals (TSXV:MMN) 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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Monarca Minerals (TSXV:MMN) Business Description

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

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ORAGF:USA OSI2:Germany

Address

18 King Street East Street, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.monarcaminerals.com

Monarca Minerals Inc is in the process of exploring and evaluating its exploration and evaluation property interests in Mexico. Its project portfolio includes Tejamen, San Lucas, San Jose, and El Sol. The primary focus of new work at Tejamen consists of follow-up core drilling. Outcrop sampling identified two parallel gold-silver zones, known as the El Doctor zone (Noche Buena). Several small mines exist on the El Sol concession. It is a historical mining area since the 1600s and is in the Avino Mining District.

Executives

Carlos Enrique Espinosa Jove

Director

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