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


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What is US Critical Metals Long-Term Capital Lease Obligation?

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


US Critical Metals Long-Term Capital Lease Obligation Historical Data

The historical data trend for US Critical 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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US Critical Metals Long-Term Capital Lease Obligation Chart

US Critical Metals Annual Data
Trend Jan22 Sep23
Long-Term Capital Lease Obligation
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US Critical Metals Quarterly Data
Mar21 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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US Critical Metals  (XCNQ:USCM) 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.

US Critical Metals Long-Term Capital Lease Obligation Related Terms

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US Critical Metals (XCNQ:USCM) Business Description

Traded in Other Exchanges
Address
550 Burrard Street, Suite 2300, Vancouver, BC, CAN, V6C 2B5
US Critical Metals Corp is engaged in the business of mineral exploration. Its exploration projects include the Haynes Cobalt Property and the Nevada Lithium Property.
Executives
Darren George Collins Director, Senior Officer

US Critical Metals (XCNQ:USCM) Headlines

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