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Nickelex Resource (Nickelex Resource) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)


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What is Nickelex Resource Long-Term Capital Lease Obligation?

Nickelex Resource's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.


Nickelex Resource Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nickelex Resource'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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Nickelex Resource Long-Term Capital Lease Obligation Chart

Nickelex Resource Annual Data
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Long-Term Capital Lease Obligation
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Nickelex Resource Quarterly Data
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Nickelex Resource  (OTCPK:NKLXF) 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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Nickelex Resource (Nickelex Resource) Business Description

Traded in Other Exchanges
Address
1199 West Hastings Street, Suite 1100, Vancouver, BC, CAN, V6E 4T5
Nickelex Resource Corp is a mineral exploration company based in Canada. It is mainly engaged in the acquisition, exploration, and development of natural resource properties. The Company has one operating segment, the acquisition and exploration of mineral properties.

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