Monumental Energy (TSXV:MNRG) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2024)

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What is Monumental Energy Long-Term Capital Lease Obligation?

Monumental Energy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil.

Monumental Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Monumental Energy'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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Monumental Energy Long-Term Capital Lease Obligation Chart

Monumental Energy Annual Data

Trend

Sep20

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Sep23

Long-Term Capital Lease Obligation

Monumental Energy Quarterly Data
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Monumental Energy (TSXV:MNRG) 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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Monumental Energy (TSXV:MNRG) Business Description

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MNMRF:USA

Address

1122 Mainland Street, Suite 228, Vancouver, BC, CAN, V6B 5L1

Website

Monumental Energy Corp Formerly Monumental Minerals Corp is an exploration stage company engaged in the acquisition and exploration of mineral properties. The Company's current projects are the Jemi Property, the Laguna Property and the Turi Property. The Jemi Property is located in the Ocampo municipality, a relatively remote region of western Coahuila state, Mexico. The Laguna Property is located near the town of San Pedro de Atacama, Chile. The Turi Property is located within the Lithium triangle northwest from the Salar de Laguna Blanca and northeast from the city of Calama, Chile. Geographically, the company generates revenue from Chile.

Executives

Maximilian Sali

Director

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