Metalite Resources (XCNQ:METL) Long-Term Capital Lease Obligation : C$0.05 Mil (As of Dec. 2023)

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What is Metalite Resources Long-Term Capital Lease Obligation?

Metalite Resources's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.05 Mil.

Metalite Resources's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$0.04 Mil) to Sep. 2023 (C$0.04 Mil) but then increased from Sep. 2023 (C$0.04 Mil) to Dec. 2023 (C$0.05 Mil).

Metalite Resources's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$0.00 Mil) but then increased from Dec. 2022 (C$0.00 Mil) to Dec. 2023 (C$0.05 Mil).

Metalite Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Metalite 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.

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Metalite Resources Long-Term Capital Lease Obligation Chart

Metalite Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.05

Metalite Resources Quarterly Data
	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														-	-	0.04	0.04	0.05

Metalite Resources (XCNQ:METL) 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.

Metalite Resources Long-Term Capital Lease Obligation Related Terms

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Metalite Resources (XCNQ:METL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metalite Resources Inc (XCNQ:METL) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

JNCCF:USA

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.roogoldinc.com

Metalite Resources Inc is in the exploration for mineral resources in New South Wales, Australia.

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