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AJN Resources (XCNQ:AJN) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jan. 2024)


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What is AJN Resources Long-Term Capital Lease Obligation?

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


AJN Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for AJN 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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AJN Resources Long-Term Capital Lease Obligation Chart

AJN Resources Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Long-Term Capital Lease Obligation
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AJN Resources Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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AJN Resources  (XCNQ:AJN) 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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AJN Resources (XCNQ:AJN) Business Description

Industry
Traded in Other Exchanges
Address
1199 West Hastings Street, Suite 1400, Vancouver, BC, CAN, V6E 3T5
AJN Resources Inc is an exploration and development company in Canada. The company is in the business of the exploration and evaluation of mineral properties in Nevada, USA. The company operated in a single reporting segment of acquisition, exploration, and development of mineral properties. It holds an interest in Salt Wells Lithium Project, and potential exploration permits located in the Manono Territory, Tanganyika Province of the Democratic Republic of the Congo.
Executives
Klaus Peter Eckhof Director, Senior Officer
Mark Richard Gasson 10% Security Holder, Director, Senior Officer

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