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Exploits Discovery (XCNQ:NFLD) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jul. 2023)


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What is Exploits Discovery Long-Term Capital Lease Obligation?

Exploits Discovery's Long-Term Capital Lease Obligation for the quarter that ended in Jul. 2023 was C$0.00 Mil.


Exploits Discovery Long-Term Capital Lease Obligation Historical Data

The historical data trend for Exploits Discovery'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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Exploits Discovery Long-Term Capital Lease Obligation Chart

Exploits Discovery Annual Data
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Long-Term Capital Lease Obligation
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Exploits Discovery Quarterly Data
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Exploits Discovery  (XCNQ:NFLD) 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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Exploits Discovery (XCNQ:NFLD) Business Description

Traded in Other Exchanges
Address
2 Toronto Street, Suite 206, 1st Floor, Toronto, ON, CAN, M5C 2B5
Exploits Discovery Corp is an evaluating, acquiring, and exploring mineral properties company in Canada and abroad. It primarily explores gold. The project portfolio includes Middle Ridge, True Grit, Great Bend, Mt. Peyton, Jonathan's Pond, Gazeebow, Dog Bay, Mount Peyton, and Silver Dollar. Key revenue is generated from Mt. Peyton.

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