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Global Li-Ion Graphite (XCNQ:LION) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Feb. 2025)


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What is Global Li-Ion Graphite Long-Term Capital Lease Obligation?

Global Li-Ion Graphite's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2025 was C$0.00 Mil.


Global Li-Ion Graphite Long-Term Capital Lease Obligation Historical Data

The historical data trend for Global Li-Ion Graphite'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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Global Li-Ion Graphite Long-Term Capital Lease Obligation Chart

Global Li-Ion Graphite Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Long-Term Capital Lease Obligation
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Global Li-Ion Graphite Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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Global Li-Ion Graphite  (XCNQ:LION) 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.

Global Li-Ion Graphite Long-Term Capital Lease Obligation Related Terms

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Global Li-Ion Graphite Business Description

Traded in Other Exchanges
Address
510 Burrard Street, Suite 908, Vancouver, BC, CAN, V6C 3A8
Global Li-Ion Graphite Corp is engaged in the acquisition, exploration, and development of mineral resources. It mainly focuses on the development of graphite projects with an intent to supply the rapidly growing energy storage industry. Some of the company's projects are Lac de Gras, Neuron Graphite, and Madagascar Graphite. Geographically, it operates in Canada and Madagascar, out of which the majority of revenue is from Canada.
Executives
Jason Walsh Director
Glen Colin Macdonald Director
Geoff Watson Director, Senior Officer