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Pacific Arc Resources (TSXV:PAV.H) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Apr. 2024)


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What is Pacific Arc Resources Long-Term Capital Lease Obligation?

Pacific Arc Resources's Long-Term Capital Lease Obligation for the quarter that ended in Apr. 2024 was C$0.00 Mil.


Pacific Arc Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pacific Arc Resources'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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Pacific Arc Resources Long-Term Capital Lease Obligation Chart

Pacific Arc Resources Annual Data
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Long-Term Capital Lease Obligation
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Pacific Arc Resources Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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Pacific Arc Resources  (TSXV:PAV.H) 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.

Pacific Arc Resources Long-Term Capital Lease Obligation Related Terms

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Pacific Arc Resources Business Description

Traded in Other Exchanges
N/A
Address
885-Dunsmuir Street, Suit 410, Vancouver, BC, CAN, V6C 1N5
Pacific Arc Resources Ltd is engaged in the business of acquisition, exploration, and development of mineral resource properties. The company is currently exploring other business opportunities.

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