Omega Pacific Resources (XCNQ:OMGA) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jan. 2024)

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What is Omega Pacific Resources Long-Term Capital Lease Obligation?

Omega Pacific Resources's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil.

Omega Pacific Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Omega Pacific 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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Omega Pacific Resources Long-Term Capital Lease Obligation Chart

Omega Pacific Resources Annual Data

Trend

Oct22

Long-Term Capital Lease Obligation

Omega Pacific Resources Quarterly Data
	Jan23	Apr23	Jul23	Jan24
Long-Term Capital Lease Obligation	-	-	-	-

Omega Pacific Resources (XCNQ:OMGA) 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.

Omega Pacific Resources Long-Term Capital Lease Obligation Related Terms

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Omega Pacific Resources (XCNQ:OMGA) Business Description

Industry

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

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Traded in Other Exchanges

Q0F:Germany

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

Omega Pacific Resources Inc is engaged in the business of mineral exploration in Canada. It mainly engages in the acquisition, exploration, and development of mineral exploration properties. It holds an interest in the Lekcin property located in the New Westminster Mining Division, British Columbia, Canada.