Saga Metals (TSXV:SAGA) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jan. 2025)

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What is Saga Metals Long-Term Capital Lease Obligation?

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

Saga Metals Long-Term Capital Lease Obligation Historical Data

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

Saga Metals Annual Data

Trend

Jul23

Jul24

Long-Term Capital Lease Obligation

Saga Metals Quarterly Data
	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
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Saga Metals (TSXV:SAGA) 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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Saga Metals Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Saga Metals Corp (TSXV:SAGA) » Definitions » Long-Term Capital Lease Obligation

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20H:Germany

Address

2288 - 1177 West Hastings Street, Vancouver, BC, CAN, V6E 2K3

Website

https://www.sagametals.com

Saga Metals Corp is a diversified critical mineral exploration company whose principal business is the acquisition and exploration of mineral assets that support the green energy transition. It has currently has interests in four mineral properties in Canada: Double Mer Property, a uranium exploration project, Legacy Lithium Property, a LCT spodumene pegmatite lithium exploration project, Radar Titanium-Vanadium Property, a titanium-vanadium layered mafic intrusion exploration project and North Wind Iron Project.