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Ramp Metals (TSXV:RAMP) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2025)


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What is Ramp Metals Long-Term Capital Lease Obligation?

Ramp Metals's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was C$0.00 Mil.


Ramp Metals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ramp Metals'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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Ramp Metals Long-Term Capital Lease Obligation Chart

Ramp Metals Annual Data
Trend Jun23 Jun24
Long-Term Capital Lease Obligation
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Ramp Metals Quarterly Data
Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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Ramp Metals  (TSXV:RAMP) 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.

Ramp Metals Long-Term Capital Lease Obligation Related Terms

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Ramp Metals Business Description

Industry
Traded in Other Exchanges
Address
3148 Highland Boulevard, North Vancouver, BC, CAN, V7R 2X6
Ramp Metals Inc is engaged in exploring and developing its resource properties. The company's exploration assets include Rottenstone SW and the Peter Lake Domain property in Saskatchewan, Canada. Geographically, the company has a presence in Canada and the United States of America.
Executives
Michael Romanik Director
Pritpal Singh 10% Security Holder, Director
Jordan Black Director, Senior Officer
David Christopher Parker Director
Brett Andrew Williams 10% Security Holder