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Xiana Mining (TSXV:XIA.H) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Sep. 2020)


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What is Xiana Mining Long-Term Capital Lease Obligation?

Xiana Mining's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2020 was C$0.00 Mil.


Xiana Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xiana Mining'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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Xiana Mining Long-Term Capital Lease Obligation Chart

Xiana Mining Annual Data
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Long-Term Capital Lease Obligation
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Xiana Mining Quarterly Data
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Xiana Mining  (TSXV:XIA.H) 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.

Xiana Mining Long-Term Capital Lease Obligation Related Terms

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Xiana Mining (TSXV:XIA.H) Business Description

Industry
Traded in Other Exchanges
N/A
Address
837 West Hastings Street, Suite 507, Vancouver, BC, CAN, V6C 3N6
Xiana Mining Inc is an exploration stage company. It is engaged in the acquisition, exploration, and development of mineral properties. The company focuses on exploration for precious and base metals in its property interest. Its exploration activities are focused on mineral claim blocks grouped into the Central Zone, North Zone, and South Zone. It produces copper-gold concentrates from the Minera Altos De Punitaqui in Chile.

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