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NorthX Nickel (XCNQ:NIX) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2025)


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What is NorthX Nickel Long-Term Capital Lease Obligation?

NorthX Nickel's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was C$0.00 Mil.


NorthX Nickel Long-Term Capital Lease Obligation Historical Data

The historical data trend for NorthX Nickel'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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NorthX Nickel Long-Term Capital Lease Obligation Chart

NorthX Nickel Annual Data
Trend Sep20 Sep21 Sep22 Dec24
Long-Term Capital Lease Obligation
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NorthX Nickel Quarterly Data
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NorthX Nickel  (XCNQ:NIX) 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.

NorthX Nickel Long-Term Capital Lease Obligation Related Terms

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NorthX Nickel Business Description

Industry
Traded in Other Exchanges
Address
200 Burrard Street, 1200 Waterfront Centre, Vancouver, BC, CAN, V7X 1T2
NorthX Nickel Corp is focused on the exploration of mineral claims located in Quebec and Ontario, Canada. The Company's primary mineral property is the Grasset Project in Quebec. The Company also holds a portfolio of 41 mineral properties in Ontario, of which 38 are situated in the Sudbury mining district.
Executives
Thomas Meyer Director, Senior Officer
Christian Peter Kargl-simard Director

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