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Prismo Metals (XCNQ:PRIZ) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2024)


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What is Prismo Metals Long-Term Capital Lease Obligation?

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


Prismo Metals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Prismo Metals'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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Prismo Metals Long-Term Capital Lease Obligation Chart

Prismo Metals Annual Data
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Long-Term Capital Lease Obligation
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Prismo Metals Quarterly Data
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Prismo Metals  (XCNQ:PRIZ) 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.

Prismo Metals Long-Term Capital Lease Obligation Related Terms

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Prismo Metals (XCNQ:PRIZ) Business Description

Industry
Traded in Other Exchanges
Address
1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6
Prismo Metals Inc is engaged in the business of acquisition and exploration of mineral properties and operates in one segment, namely mineral exploration in Mexico. The company's objective is to locate and develop economic precious and base metal properties of merit. Its properties consist of the Palos Verdes Property and the Los Pavitos property.
Executives
Alain Lambert Director

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