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Tres-Or Resources (TSXV:TRS) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Aug. 2024)


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What is Tres-Or Resources Long-Term Capital Lease Obligation?

Tres-Or Resources's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2024 was C$0.00 Mil.


Tres-Or Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tres-Or Resources'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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Tres-Or Resources Long-Term Capital Lease Obligation Chart

Tres-Or Resources Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Long-Term Capital Lease Obligation
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Tres-Or Resources Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 Aug24
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Tres-Or Resources  (TSXV:TRS) 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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Tres-Or Resources Business Description

Traded in Other Exchanges
N/A
Address
1934 - 131 Street, White Rock, BC, CAN, V4A 7R7
Tres-Or Resources Ltd is an operator of a mineral exploration company intended to explore and evaluate mineral properties. The company's platform focused on acquiring, exploring gold and base metal resources, diamonds, and selling certain projects of the company, enabling the discovery of rare minerals and metals. The projects of the company include Fontana and Duvay Gold Projects, and Diamond Projects.
Executives
William Brent Moure Director
Kiboko Gold Inc. 10% Security Holder
Laura Lee Duffett Director, Senior Officer

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