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


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What is Searchlight Resources Long-Term Capital Lease Obligation?

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


Searchlight Resources Long-Term Capital Lease Obligation Historical Data

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

Searchlight Resources Annual Data
Trend Jun13 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Long-Term Capital Lease Obligation
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Searchlight Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Searchlight Resources  (OTCPK:SCLTF) 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.

Searchlight Resources Long-Term Capital Lease Obligation Related Terms

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Searchlight Resources (Searchlight Resources) Business Description

Traded in Other Exchanges
Address
1199 West Pender Street, Suite 408, Vancouver, BC, CAN, V6E 2R1
Searchlight Resources Inc is a Canadian mineral exploration and development company focused in Saskatchewan, Canada. Its exploration focus is on gold, uranium and battery minerals throughout the Province. It also holds an interest in Kulyk Lake South; Bootleg Lake Gold Property, Robinson Creek; Wapawekka Lake Greenstone Belt, Munro Warden Copper Nickel Cobalt Property, Cameron Cobalt Property, Duddridge Lake Property, Flin Flon North Project, and English Bay Property in Canada.
Executives
John Reynolds Kerr director #215 - 515 WEST PENDER STREET, VANCOUVER A1 V6B 6H5
James Ernest Yates director 371 NEWDALE COURT, NORTH VANCOUVER A1 V7N 3H3
Andrew F Malim director 7 OVINGTON STREET, LONDON X0 SW3 2JA
Mcfarland Cole E director 1815 SPRINGVALE LANE, LINCOLN CA 95648
Mark A Reynolds director 1066 WEST HASTINGS STREET, SUITE 680, P.O. BOX 12575, VANCOUVER A1 V6E 3X1
Benjamin Ainsworth director, officer: Secretary #408 - 1199 WEST PENDER STREET, VANCOUVER A1 V6E 2R1
Anthony R Harvey director, officer: Chairman and CEO STE. 408, 1199 WEST PENDER STREET, VANCOUVER A1 V6E 2R1
Robert Fredrick Weicker director 3000 WALTON AVE, COQUITLAM A1 V3B6V6
Bryan Hugh Wilson director 84 CEDARCREST CRESCENT, RICHMOND HILL A6 L4S 2P4
Kurt Bordian officer: Chief Financial Officer 217 FIFTH AVENUE, NEW WESTMINSTER A1 V3L 1R5
Milton Datsopoulos director, officer: Chairman 201 WEST MAIN STREET, SUITE 201, MISSOULA MT 59802
Timothy Dudley Hipsher director, officer: Secretary SUITE 1458 - 409 GRANVILLE STREET, VANCOUVER A1 V6C 1T2
Cameron John Reynolds director, officer: C.F.O. 1489 WEST WARM SPRINGS ROAD, SUITE 110, HENDERSON NV 89014
Brent Glen Jardine director, 10 percent owner, officer: President 1450 - 409 GRANVILLE STREET, VANCOUVER A1 V6C 1T2
Andrei Stytsenko director, 10 percent owner