China Gold International Resources (TSX:CGG) Long-Term Capital Lease Obligation : C$1.2 Mil (As of Mar. 2024)

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What is China Gold International Resources Long-Term Capital Lease Obligation?

China Gold International Resources's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1.2 Mil.

China Gold International Resources's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$1.9 Mil) to Dec. 2023 (C$1.3 Mil) and declined from Dec. 2023 (C$1.3 Mil) to Mar. 2024 (C$1.2 Mil).

China Gold International Resources's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$2.8 Mil) to Dec. 2022 (C$2.0 Mil) and declined from Dec. 2022 (C$2.0 Mil) to Dec. 2023 (C$1.3 Mil).

China Gold International Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Gold International 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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China Gold International Resources Long-Term Capital Lease Obligation Chart

China Gold International Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.59

0.45

2.79

2.04

1.26

China Gold International Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.06	1.89	1.92	1.26	1.24

China Gold International Resources (TSX:CGG) 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.

China Gold International Resources Long-Term Capital Lease Obligation Related Terms

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China Gold International Resources (TSX:CGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Gold International Resources Corp Ltd (TSX:CGG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

JINFF:USA 02099:Hong Kong JI3:Germany

Address

505 Burrard Street, Suite 660, One Bentall Centre, Vancouver, BC, CAN, V7X 1M4

Website

https://www.chinagoldintl.com

China Gold International Resources Corp Ltd is a company engaged in the acquisition, exploration, development, and mining of mineral reserves in China. The company primarily operates two mines in China: the CSH Mine which produces gold, and the Jiama Mine which produces gold and copper. While the majority of the company's revenue is derived from gold mining, a significant portion of sales still result from copper production. China National Gold Corporation, a state-owned company registered in Beijing, is a substantial shareholder of China Gold International Resources. The vast majority of the company's gold output is sold to China National Gold Corporation and its subsidiaries.

Executives

China National Gold Group Hong Kong Limited

10% Security Holder

China Gold International Resources (TSX:CGG) Headlines

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