Mineral Road Discovery (XCNQ:ROAD) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Feb. 2025)

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What is Mineral Road Discovery Long-Term Capital Lease Obligation?

Mineral Road Discovery's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2025 was C$0.00 Mil.

Mineral Road Discovery Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mineral Road 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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Mineral Road Discovery Long-Term Capital Lease Obligation Chart

Mineral Road Discovery Annual Data

Trend

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Long-Term Capital Lease Obligation

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Mineral Road Discovery Quarterly Data
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Mineral Road Discovery (XCNQ:ROAD) 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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Mineral Road Discovery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mineral Road Discovery Inc (XCNQ:ROAD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

7C90:Germany

Address

2501-550 Burrard Street, Vancouver, BC, CAN, V6C 2B5

Website

https://www.crestresourcesinc.com

Mineral Road Discovery Inc formerly Crest Resources Inc is engaged in the acquisition and exploration of mineral property assets in Canada, Australia and Peru and the investment in mineral exploration and mining technology companies. Some of the properties of the company are Red Metal Ridge, Split Dome Copper, Chala Copper property, Arizona Project, Cleghorn, Mt. Peyton Extension, Jonathan's Pond, and Mount Peyton.

Executives

Damien Edward Reynolds	10% Security Holder
1459988 Bc Ltd	10% Security Holder
Christopher Huggins	Senior Officer
Garry Alfred Stock	Director
Sefton Fincham	Senior Officer
Bryce Clark	Senior Officer
Nicholas Richard Rodway	Senior Officer
Emma Fairhurst	10% Security Holder
John Michael William Collins	Director
Christopher Andrew Reynolds	Director or Senior Officer of 10% Security Holder
Christopher Reynolds	Director or Senior Officer of 10% Security Holder
Paul Valdimar John	10% Security Holder, Director