Soma Gold (TSXV:SOMA) Long-Term Capital Lease Obligation : C$0.35 Mil (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Soma Gold Long-Term Capital Lease Obligation?

Soma Gold's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.35 Mil.

Soma Gold's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$0.56 Mil) to Sep. 2023 (C$0.50 Mil) and declined from Sep. 2023 (C$0.50 Mil) to Dec. 2023 (C$0.35 Mil).

Soma Gold's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$0.28 Mil) and increased from Dec. 2022 (C$0.28 Mil) to Dec. 2023 (C$0.35 Mil).

Soma Gold Long-Term Capital Lease Obligation Historical Data

The historical data trend for Soma Gold'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.

* Premium members only.

Soma Gold Long-Term Capital Lease Obligation Chart

Soma Gold Annual Data

Trend

Aug14

Aug15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

0.28

0.35

Soma Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.28	0.51	0.56	0.50	0.35

Soma Gold (TSXV:SOMA) 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.

Soma Gold Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Soma Gold's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Soma Gold (TSXV:SOMA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SMAGF:USA 8PR1:Germany

Address

1050 West Pender Street, Suite 970, Vancouver, BC, CAN, V6E 3S7

Website

https://www.somagoldcorp.com

Soma Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. It operates El Bagre Gold Mining Complex. The El Bagre operations consist of a gold processing plant, the La Ye and Los Mangos operating underground gold mines, and the Cordero mine development project. The Company produces dore which contains both gold and silver. The dore is further processed to produce refined metals.

Executives

Jean-francois Meilleur

Senior Officer

Soma Gold (TSXV:SOMA) Headlines

No Headlines