Royal Road Minerals (TSXV:RYR) Long-Term Capital Lease Obligation : C$0.05 Mil (As of Sep. 2023)

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What is Royal Road Minerals Long-Term Capital Lease Obligation?

Royal Road Minerals's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.05 Mil.

Royal Road Minerals's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (C$0.07 Mil) to Jun. 2023 (C$0.06 Mil) and declined from Jun. 2023 (C$0.06 Mil) to Sep. 2023 (C$0.05 Mil).

Royal Road Minerals's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (C$0.00 Mil) to Dec. 2021 (C$0.12 Mil) but then declined from Dec. 2021 (C$0.12 Mil) to Dec. 2022 (C$0.08 Mil).

Royal Road Minerals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Royal Road Minerals'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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Royal Road Minerals Long-Term Capital Lease Obligation Chart

Royal Road Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.12

0.08

Royal Road Minerals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.09	0.08	0.07	0.06	0.05

Royal Road Minerals (TSXV:RYR) 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.

Royal Road Minerals Long-Term Capital Lease Obligation Related Terms

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Royal Road Minerals (TSXV:RYR) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Royal Road Minerals Ltd (TSXV:RYR) » Definitions » Long-Term Capital Lease Obligation

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RRDMF:USA RLU:Germany

Address

4 Wharf Street, Suite 30, St Helier, JEY, JE2 3NR

Website

https://www.royalroadminerals.com

Royal Road Minerals Ltd is a mineral exploration and development company. The Group operates under three geographic segments engaged in mineral exploration and development in Colombia, Nicaragua and Peru.

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