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Strategic Metals (TSXV:SMD) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Dec. 2023)


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What is Strategic Metals Long-Term Capital Lease Obligation?

Strategic Metals's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil.


Strategic Metals Long-Term Capital Lease Obligation Historical Data

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

Strategic Metals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Strategic Metals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Strategic Metals  (TSXV:SMD) 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.

Strategic Metals Long-Term Capital Lease Obligation Related Terms

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Strategic Metals (TSXV:SMD) Business Description

Traded in Other Exchanges
Address
1100 Melville Street, Suite 510, Vancouver, BC, CAN, V6E 4A6
Strategic Metals Ltd is a mineral exploration company. It is engaged in the business activity of acquisition, exploration, and evaluation of mineral properties located in Canada. The company's wholly-owned projects include the Copper-Gold Porphyry Projects; Mount Hinton; Hopper Project; Kluane; Vault; Meloy; Alotta; Mint Project; Midas Touch Project; Craig Deposit; Saloon; Sawbuck; Dabb; Sixty Mile; Hartless Joe; and Additional Properties Available for Option.

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