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Waraba Gold (XCNQ:WBGD) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Apr. 2024)


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What is Waraba Gold Long-Term Capital Lease Obligation?

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


Waraba Gold Long-Term Capital Lease Obligation Historical Data

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

Waraba Gold Annual Data
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Waraba Gold Quarterly Data
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Waraba Gold  (XCNQ:WBGD) 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.

Waraba Gold Long-Term Capital Lease Obligation Related Terms

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Waraba Gold Business Description

Industry
Traded in Other Exchanges
Address
750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7
Waraba Gold Ltd is a mineral exploration company in British Columbia, Canada. It is engaged in acquiring and exploring mineral properties. The projects carried out by the company include Mali Gold Project and Scotch Creek Property. The Company operates in a single reportable operating segment; exploration and evaluation business in two geographical areas, Canada, and Mali.

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