Pure Gold Mining (TSXV:PGM.H) Long-Term Capital Lease Obligation : C$3.94 Mil (As of Sep. 2022)

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What is Pure Gold Mining Long-Term Capital Lease Obligation?

Pure Gold Mining's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was C$3.94 Mil.

Pure Gold Mining's quarterly Long-Term Capital Lease Obligation increased from Mar. 2022 (C$4.21 Mil) to Jun. 2022 (C$4.79 Mil) but then declined from Jun. 2022 (C$4.79 Mil) to Sep. 2022 (C$3.94 Mil).

Pure Gold Mining's annual Long-Term Capital Lease Obligation declined from Dec. 2019 (C$0.44 Mil) to Dec. 2020 (C$0.29 Mil) but then increased from Dec. 2020 (C$0.29 Mil) to Dec. 2021 (C$4.27 Mil).

Pure Gold Mining Long-Term Capital Lease Obligation Historical Data

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

Pure Gold Mining Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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0.44

0.29

4.27

Pure Gold Mining Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.72	4.27	4.21	4.79	3.94

Pure Gold Mining (TSXV:PGM.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.

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Pure Gold Mining (TSXV:PGM.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pure Gold Mining Inc (TSXV:PGM.H) » Definitions » Long-Term Capital Lease Obligation

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Address

1055 West Hastings Street, Suite 1900, Vancouver, BC, CAN, V6E 2E9

Website

https://www.puregoldmining.ca

Pure Gold Mining Inc is a gold mining company, located in the heart of Red Lake, Ontario, Canada. Its vision is pure and simple, to build a profitable, multi-generational growth company in the world-class gold mining district of Red Lake. With 100%-owned, fully constructed operating PureGold Mine, a multi-million-ounce gold endowment, and significant exploration upside, the company's value-maximizing strategy is to pursue operational excellence, while investing in systematic exploration and phased expansions to fuel discovery and growth for the future.

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