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

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What is Electric Metals Long-Term Capital Lease Obligation?

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

Electric Metals Long-Term Capital Lease Obligation Historical Data

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

Electric Metals Annual Data

Trend

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Long-Term Capital Lease Obligation

Electric Metals Quarterly Data
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Electric Metals (TSXV:EML) 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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Electric Metals (TSXV:EML) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electric Metals (USA) Ltd (TSXV:EML) » Definitions » Long-Term Capital Lease Obligation

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EMUSF:USA

Address

365 Bay Street, Suite 800, Toronto, ON, CAN, M5H 2V1

Website

https://www.electricmetals.com

Electric Metals (USA) Ltd is a U.S.-based mineral development company with manganese and silver projects geared to supporting the transition to clean energy. The Company's principal asset is the Emily Manganese Project in Minnesota, which has been the subject of considerable technical studies, including a National Instrument 43-101 Technical Report - Resource Estimate, with over US$26 million invested to date. The Company's mission in Minnesota is to become a domestic U.S. producer of high-purity, high-value manganese metal and chemical products for supply to U.S. energy, technology and industrial markets. With manganese plays a critical and prominent role in lithium-ion battery formulations, and with no current domestic supply or active mines for manganese in North America.