Max Power Mining (XCNQ:MAXX) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2024)

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What is Max Power Mining Long-Term Capital Lease Obligation?

Max Power Mining's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil.

Max Power Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for Max Power Mining'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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Max Power Mining Long-Term Capital Lease Obligation Chart

Max Power Mining Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Max Power Mining Quarterly Data
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Max Power Mining (XCNQ:MAXX) 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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Max Power Mining (XCNQ:MAXX) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Max Power Mining Corp (XCNQ:MAXX) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

MAXXF:USA 89N:Germany

Address

666 Burrard Street, Suite 2800, Park Place, Vancouver, BC, CAN, V6C 2Z7

Website

https://www.maxpowermining.com

Max Power Mining Corp is an exploration stage company focused on the exploration of mineral property in Ontario, Canada. It has two reportable operating segments, with the primary segment being the acquisition, exploration and evaluation of mineral resources properties.

Executives

Thomas William Clarke

Director

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