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Starmet Ventures (XCNQ:STAR) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2024)


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What is Starmet Ventures Long-Term Capital Lease Obligation?

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


Starmet Ventures Long-Term Capital Lease Obligation Historical Data

The historical data trend for Starmet Ventures'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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Starmet Ventures Long-Term Capital Lease Obligation Chart

Starmet Ventures Annual Data
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Starmet Ventures Quarterly Data
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Starmet Ventures  (XCNQ:STAR) 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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Starmet Ventures (XCNQ:STAR) Business Description

Traded in Other Exchanges
N/A
Address
No.303 - 1687 West Broadway, Vancouver, BC, CAN, V6J 1X2
Website
Starmet Ventures Inc engages in the exploration of mineral resource properties with an emphasis on the Property located in Esmeralda County, Nevada. It holds a 100% interest in the JPL Project. It has one reportable operating segment, being the acquisition and exploration of exploration and evaluation assets.
Executives
Ohad David Director, Senior Officer

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