Zinco Mining (TSXV:ZIM.H) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jun. 2017)

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What is Zinco Mining Long-Term Capital Lease Obligation?

Zinco Mining's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2017 was C$0.00 Mil.

Zinco Mining Long-Term Capital Lease Obligation Historical Data

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

Zinco Mining Annual Data

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Long-Term Capital Lease Obligation

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Zinco Mining Quarterly Data
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Zinco Mining (TSXV:ZIM.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.

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Zinco Mining (TSXV:ZIM.H) Business Description

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

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Address

16055 Fraser Highway, Suite 825, 205, Surrey, BC, CAN, V4N 0G2

Website

http://www.zincomining.com

Zinco Mining Corp is an exploration-stage company. The company is engaged in the acquisition, exploration, and development of its mineral interests. The firm is in the process of exploring its exploration and evaluation assets. It is engaged in the discovery and development of volcanogenic massive sulfide (VMS) deposits in Mexico. The firm, through its subsidiary, Minera Croesus S.A. de C.V., owns approximately seven mining concessions that define the VMS Project.

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