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

Orecap Invest (TSXV:OCI) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jan. 2024)


View and export this data going back to 2012. Start your Free Trial

What is Orecap Invest Long-Term Capital Lease Obligation?

Orecap Invest's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil.


Orecap Invest Long-Term Capital Lease Obligation Historical Data

The historical data trend for Orecap Invest'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.

* Premium members only.

Orecap Invest Long-Term Capital Lease Obligation Chart

Orecap Invest Annual Data
Trend Jul14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Orecap Invest Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Orecap Invest  (TSXV:OCI) 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.

Orecap Invest Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Orecap Invest's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.


Orecap Invest (TSXV:OCI) Business Description

Industry
Traded in Other Exchanges
Address
55 University Avenue, Suite 1805, Toronto, ON, CAN, M5J 2H7
Orecap Invest Corp, formerly Orefinders Resources Inc is a Canadian-based junior gold exploration company. It is engaged in the exploration and development of exploration and evaluation assets in Canada. The company operates in several projects including Mirado, McGarry, and Knight among others.

Orecap Invest (TSXV:OCI) Headlines

No Headlines