Kobrea Exploration (XCNQ:KBX) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Oct. 2024)

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What is Kobrea Exploration Long-Term Capital Lease Obligation?

Kobrea Exploration's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2024 was C$0.00 Mil.

Kobrea Exploration Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kobrea Exploration'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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Kobrea Exploration Long-Term Capital Lease Obligation Chart

Kobrea Exploration Annual Data

Trend

Jan23

Jan24

Long-Term Capital Lease Obligation

Kobrea Exploration Quarterly Data
	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
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Kobrea Exploration (XCNQ:KBX) 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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Kobrea Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kobrea Exploration Corp (XCNQ:KBX) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

KBXFF:USA F3I:Germany

Address

330 - 890 Pender Street West, Vancouver, BC, CAN, V6C 1J9

Website

https://www.kobreaexploration.com

Kobrea Exploration Corp is engaged in the acquisition, exploration, and evaluation of resource properties. Its objective is to locate and develop economic base metal properties of merit and to conduct its exploration program on the Upland property. The Upland property is located in Barriere, British Columbia consisting of eight mineral claims.

Executives

James Hedalen

Director, Senior Officer

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