Xcite Resources (XCNQ:XRI) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jan. 2024)

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What is Xcite Resources Long-Term Capital Lease Obligation?

Xcite Resources's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil.

Xcite Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xcite Resources'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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Xcite Resources Long-Term Capital Lease Obligation Chart

Xcite Resources Annual Data

Trend

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

Xcite Resources Quarterly Data
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Xcite Resources (XCNQ:XRI) 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.

Xcite Resources Long-Term Capital Lease Obligation Related Terms

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Xcite Resources (XCNQ:XRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xcite Resources Inc (XCNQ:XRI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1030 West Georgia Street, Suite 1910, Vancouver, BC, CAN, V6E 2Y3

Website

Xcite Resources Inc is a Canada-based mineral exploration company on its Turgeon Lake Property, located in the Province of Québec. It has one reportable segment, the exploration, and development of mineral property in the province of Quebec, Canada.

Executives

Carl Desjardins

10% Security Holder

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