Newlox Gold Ventures (XCNQ:LUX) Long-Term Capital Lease Obligation : C$0.03 Mil (As of Dec. 2023)

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What is Newlox Gold Ventures Long-Term Capital Lease Obligation?

Newlox Gold Ventures's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.03 Mil.

Newlox Gold Ventures's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (C$0.03 Mil) to Sep. 2023 (C$0.03 Mil) but then increased from Sep. 2023 (C$0.03 Mil) to Dec. 2023 (C$0.03 Mil).

Newlox Gold Ventures's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (C$0.03 Mil) to Mar. 2022 (C$0.03 Mil) but then stayed the same from Mar. 2022 (C$0.03 Mil) to Mar. 2023 (C$0.03 Mil).

Newlox Gold Ventures Long-Term Capital Lease Obligation Historical Data

The historical data trend for Newlox Gold Ventures'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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Newlox Gold Ventures Long-Term Capital Lease Obligation Chart

Newlox Gold Ventures Annual Data

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Long-Term Capital Lease Obligation

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0.03

Newlox Gold Ventures Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.02	0.03	0.03	0.03	0.03

Newlox Gold Ventures (XCNQ:LUX) 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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Newlox Gold Ventures (XCNQ:LUX) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Newlox Gold Ventures Corp (XCNQ:LUX) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

NWLXF:USA NGO:Germany

Address

355 Burrard Street, 10th Floor, Vancouver, BC, CAN, V6C 2G8

Website

https://www.newloxgold.com

Newlox Gold Ventures Corp is a Canada based environmental reclamation and mineral recovery company and is in the business of undertaking projects for the purpose of operating tailings remediation and fold recovery in Costa Rica.