Oicintra (Oicintra) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2023)

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What is Oicintra Long-Term Capital Lease Obligation?

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

Oicintra Long-Term Capital Lease Obligation Historical Data

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

Oicintra Annual Data

Trend

Long-Term Capital Lease Obligation

Oicintra Semi-Annual Data
	Sep22	Sep23
Long-Term Capital Lease Obligation	-	-

Oicintra (OTCPK:OICT) 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.

Oicintra Long-Term Capital Lease Obligation Related Terms

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Oicintra (Oicintra) Business Description

Industry

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

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Address

1057 Whitney Ranch Drive, Suite 300, Henderson, NV, USA, 89014

Website

https://www.global.oicintrainc.co.za

Oicintra Inc is a precious metals processing company that markets its proprietary methods to extract and leach precious metals from ore. Its target market is precious metals mining operations. Its process improves on environmental hazards typically associated with processing ore to extract valuable precious metals reducing the use of mercury by small and medium-scale miners, and the use of cyanide by medium and large-scale miners.

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