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Hi-View Resources (XCNQ:HVW) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2024)


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What is Hi-View Resources Long-Term Capital Lease Obligation?

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


Hi-View Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hi-View 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.

* Premium members only.

Hi-View Resources Long-Term Capital Lease Obligation Chart

Hi-View Resources Annual Data
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Long-Term Capital Lease Obligation
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Hi-View Resources Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Hi-View Resources  (XCNQ:HVW) 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.

Hi-View Resources Long-Term Capital Lease Obligation Related Terms

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Hi-View Resources (XCNQ:HVW) Business Description

Traded in Other Exchanges
Address
422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4
Website
Hi-View Resources Inc is engaged in the acquisition, exploration, and development of mineral resource properties. The company's sole mineral property interest is the Ket 28 Option on the Ket 28 Property located in the Greenwood Mining Division in south-central British Columbia.
Executives
Steve Mathiesen Director, Senior Officer

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