Cornish Metals (TSXV:CUSN) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2024)

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What is Cornish Metals Long-Term Capital Lease Obligation?

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

Cornish Metals's annual Long-Term Capital Lease Obligation declined from Jan. 2020 (C$0.02 Mil) to Jan. 2021 (C$0.00 Mil) but then increased from Jan. 2021 (C$0.00 Mil) to Jan. 2022 (C$0.00 Mil).

Cornish Metals Long-Term Capital Lease Obligation Historical Data

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

Cornish Metals Annual Data

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Long-Term Capital Lease Obligation

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Cornish Metals Quarterly Data
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Cornish Metals (TSXV:CUSN) 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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Cornish Metals (TSXV:CUSN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cornish Metals Inc (TSXV:CUSN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SBWFF:USA CUSN:UK ZYR1:Germany

Address

789 West Pender Street, Suite 960, Vancouver, BC, CAN, V6C 1H2

Website

https://www.cornishmetals.com

Cornish Metals Inc is building a portfolio of strategic metals assets in North America and the United Kingdom, and its flagship project is the past-producing South Crofty underground tin mine in Cornwall, UK. South Crofty is arguably the important historical tin mine in the UK and hosts the highest grade tin resources world wide. The project has the potential to be a high-grade tin producer in Europe.

Executives

Richard David Williams	Director
Donald Robert Njegovan	Director
Patrick Fergus Neill Anderson	Director

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