Quimbaya Gold (XCNQ:QIM) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2024)

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What is Quimbaya Gold Long-Term Capital Lease Obligation?

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

Quimbaya Gold Long-Term Capital Lease Obligation Historical Data

The historical data trend for Quimbaya Gold'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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Quimbaya Gold Long-Term Capital Lease Obligation Chart

Quimbaya Gold Annual Data

Trend

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Long-Term Capital Lease Obligation

Quimbaya Gold Quarterly Data
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Quimbaya Gold (XCNQ:QIM) 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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Quimbaya Gold (XCNQ:QIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quimbaya Gold Inc (XCNQ:QIM) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

100 King Street W., Suite 6000, Toronto, ON, CAN, M5X 1E2

Website

https://www.quimbayagold.com

Quimbaya Gold Inc is engaged in the acquisition, exploration, and development of mineral properties in Colombia. The company holds interests in the Berrio project situated within the Segovia gold belt.

Executives

Jean-luc Peyrot

Director

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