Inomin Mines (Inomin Mines) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Dec. 2023)

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What is Inomin Mines Long-Term Capital Lease Obligation?

Inomin Mines's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil.

Inomin Mines Long-Term Capital Lease Obligation Historical Data

The historical data trend for Inomin Mines'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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Inomin Mines Long-Term Capital Lease Obligation Chart

Inomin Mines Annual Data

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Long-Term Capital Lease Obligation

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Inomin Mines Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Inomin Mines (OTCPK:IMINF) 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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Inomin Mines (Inomin Mines) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Inomin Mines Inc (OTCPK:IMINF) » Definitions » Long-Term Capital Lease Obligation

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MINE:Canada

Address

400 Burrard Street, Suite 1130, Vancouver, BC, CAN, V6C 3A6

Website

https://www.inominmines.com

Inomin Mines Inc is a Canadian mineral exploration company. It is engaged in the identification, exploration, and development of mineral properties. The company holds an interest in King's Point property. Its property is located in the Green Bay area of Newfoundland. The company's other projects are Beaver Magnesium-Nickel-Cobalt, Lynx Nickel, La Gitana Gold-Silver, and Pena Blanca Gold-Silver.

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