NV Gold (TSXV:NVX) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Feb. 2025)

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What is NV Gold Long-Term Capital Lease Obligation?

NV Gold's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2025 was C$0.00 Mil.

NV Gold's annual Long-Term Capital Lease Obligation increased from Aug. 2022 (C$0.00 Mil) to Aug. 2023 (C$0.02 Mil) but then declined from Aug. 2023 (C$0.02 Mil) to Aug. 2024 (C$0.00 Mil).

NV Gold Long-Term Capital Lease Obligation Historical Data

The historical data trend for NV Gold'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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NV Gold Long-Term Capital Lease Obligation Chart

NV Gold Annual Data

Trend

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Long-Term Capital Lease Obligation

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0.02

NV Gold Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.02	-	-	-	-

NV Gold (TSXV:NVX) 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.

NV Gold Long-Term Capital Lease Obligation Related Terms

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NV Gold Business Description

Industry

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

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NVGLF:USA 8NV0:Germany

Address

750 West Pender Street, Suite 250, Vancouver, BC, CAN, V6C 2T7

Website

https://www.nvgoldcorp.com

NV Gold Corp is engaged in the identification, acquisition, and exploration of mineral properties. It is focused on maximizing shareholder value through acquiring, exploring, discovering, and developing gold projects. Its projects include SW Pipe Project, Slumber Gold Project, Sandy Gold Project, ,etc. The Company has one reportable operating segment, the acquisition, and exploration of mineral properties. The Company has mineral properties located geographically as follows:- the United States of America and Switzerland.

Executives

John E. Watson	10% Security Holder, Director, Senior Officer
Robert Roy Ferguson	Deemed Insider - 6 Months before becoming Insider
John W. Seaberg	Director, Senior Officer
2176423 Ontario Ltd.	10% Security Holder
Eric Sprott	10% Security Holder
Peter Ball	Director, Senior Officer
Redstar Gold Corp.	10% Security Holder
Odin Christensen	Director