StrategX Elements (XCNQ:STGX) Long-Term Capital Lease Obligation : C$0.02 Mil (As of Mar. 2024)

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What is StrategX Elements Long-Term Capital Lease Obligation?

StrategX Elements's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.02 Mil.

StrategX Elements's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$0.00 Mil) to Dec. 2023 (C$0.03 Mil) but then declined from Dec. 2023 (C$0.03 Mil) to Mar. 2024 (C$0.02 Mil).

StrategX Elements's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$0.00 Mil) but then increased from Dec. 2022 (C$0.00 Mil) to Dec. 2023 (C$0.03 Mil).

StrategX Elements Long-Term Capital Lease Obligation Historical Data

The historical data trend for StrategX Elements'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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StrategX Elements Long-Term Capital Lease Obligation Chart

StrategX Elements Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.03

StrategX Elements Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									-	-	-	0.03	0.02

StrategX Elements (XCNQ:STGX) 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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StrategX Elements (XCNQ:STGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » StrategX Elements Corp (XCNQ:STGX) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Water Street, Suite 514, Vancouver, BC, CAN, V6B 1A1

Website

https://www.strategxcorp.com

StrategX Elements Corp X is engaged in the acquisition, exploration, and development of mineral resource properties. The company owns properties in the Northwest Territories and Nunavut, Canada. Its principal property is the 939 Property located in the Northwest Territories.

Executives

Darren Greg Bahrey

Senior Officer

StrategX Elements (XCNQ:STGX) Headlines

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