Condor Resources (Condor Resources) Long-Term Capital Lease Obligation : $0.00 Mil (As of Nov. 2023)

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What is Condor Resources Long-Term Capital Lease Obligation?

Condor Resources's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil.

Condor Resources Long-Term Capital Lease Obligation Historical Data

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

Condor Resources Annual Data

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Long-Term Capital Lease Obligation

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Condor Resources Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Condor Resources (OTCPK:CNRIF) 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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Condor Resources (Condor Resources) Business Description

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CN:Canada

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.condorresources.com

Condor Resources Inc is engaged in acquiring and exploring mineral properties located in Peru. The company is engaged in the exploration of minerals with an emphasis on gold and copper prospects. Its projects include Chavin, Soledad, Quriurqu, Huinac Punta, Ocros, Pucamayo, Humaya, San Martin, Lucero, and Quilca-Quilisane in Peru South America.