Blue Lagoon Resources (XCNQ:BLLG) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Dec. 2024)

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What is Blue Lagoon Resources Long-Term Capital Lease Obligation?

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

Blue Lagoon Resources Long-Term Capital Lease Obligation Historical Data

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

Blue Lagoon Resources Annual Data

Trend

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Long-Term Capital Lease Obligation

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Blue Lagoon Resources Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Blue Lagoon Resources (XCNQ:BLLG) 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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Blue Lagoon Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Blue Lagoon Resources Inc (XCNQ:BLLG) » Definitions » Long-Term Capital Lease Obligation

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BLAGF:USA 7BL:Germany

Address

750 West Pender Street, Suite 1200, Vancouver, BC, CAN, V6C 2T8

Website

https://www.bluelagoonresources.com

Blue Lagoon Resources Inc is engaged in the exploration of mineral properties in Canada. Its business is to acquire, explore, and evaluate mineral resource interests. The projects of the company include Pellair Gold Project, Dome Mountain Gold Project, and Big Onion Project.

Executives

Rana Gurvinder Vig

Director, Senior Officer

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