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Road New Media (TSXV:RNM) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Sep. 2023)


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What is Road New Media Long-Term Capital Lease Obligation?

Road New Media's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil.


Road New Media Long-Term Capital Lease Obligation Historical Data

The historical data trend for Road New Media'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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Road New Media Long-Term Capital Lease Obligation Chart

Road New Media Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation
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Road New Media Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Road New Media  (TSXV:RNM) 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.

Road New Media Long-Term Capital Lease Obligation Related Terms

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Road New Media (TSXV:RNM) Business Description

Industry
Traded in Other Exchanges
N/A
Address
421 -7th Avenue SW, 30th Floor, Calgary, AB, CAN, T2P 4K9
Perisson Petroleum Corp is engaged in the exploration and production of oil and gas in Canada and the Republic of Colombia. The company generates the majority of its revenue from the sale of Oil and includes Natural gas.

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