Wesdome Gold Mines (Wesdome Gold Mines) Long-Term Capital Lease Obligation : $0.6 Mil (As of Dec. 2023)

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What is Wesdome Gold Mines Long-Term Capital Lease Obligation?

Wesdome Gold Mines's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.6 Mil.

Wesdome Gold Mines's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($1.6 Mil) to Sep. 2023 ($1.1 Mil) and declined from Sep. 2023 ($1.1 Mil) to Dec. 2023 ($0.6 Mil).

Wesdome Gold Mines's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($5.3 Mil) to Dec. 2022 ($2.3 Mil) and declined from Dec. 2022 ($2.3 Mil) to Dec. 2023 ($0.6 Mil).

Wesdome Gold Mines Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wesdome Gold Mines'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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Wesdome Gold Mines Long-Term Capital Lease Obligation Chart

Wesdome Gold Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.47

4.38

5.30

2.30

0.62

Wesdome Gold Mines 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															2.30	1.61	1.55	1.07	0.62

Wesdome Gold Mines (OTCPK:WDOFF) 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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Wesdome Gold Mines (Wesdome Gold Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wesdome Gold Mines Ltd (OTCPK:WDOFF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

RKVA:Germany WDO:Canada

Address

220 Bay Street, Suite 1200, Toronto, ON, CAN, M5J 2W4

Website

https://www.wesdome.com

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground, Kiena Complex and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.