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EV Nickel (TSXV:EVNI) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2024)


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What is EV Nickel Long-Term Capital Lease Obligation?

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

EV Nickel's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (C$0.00 Mil) to Jun. 2022 (C$0.01 Mil) but then declined from Jun. 2022 (C$0.01 Mil) to Jun. 2023 (C$0.00 Mil).


EV Nickel Long-Term Capital Lease Obligation Historical Data

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

EV Nickel Annual Data
Trend Jun21 Jun22 Jun23
Long-Term Capital Lease Obligation
- 0.01 -

EV Nickel Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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EV Nickel  (TSXV:EVNI) 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.

EV Nickel Long-Term Capital Lease Obligation Related Terms

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EV Nickel (TSXV:EVNI) Business Description

Industry
Traded in Other Exchanges
Address
150 King Street W, Suite 200, Toronto, ON, CAN, M5H 1J9
EV Nickel Inc is a Canadian nickel exploration company. Its mission is to accelerate the transition to clean energy, focused on the Shaw Dome Project, south of Timmins, Ontario. EVNi has over 30,000 hectares to explore across the Shaw Dome and has identified more than 100 km of additional favourable strike length. The Shaw Dome includes the High-Grade W4 Deposit- with a Resource which defined 2.0M tonnes 0.98% Ni for 43.3M lbs of Class 1 Nickel across Measured, Indicated and Inferred and the Large-Scale CarLang Area with more than 10km of mineralization and where the first 20 percent contains the A Zone- with a Resource which defined 1.0B tonnes 0.24% Ni for 5.3B lbs of Class 1 Nickel across Indicated and Inferred.
Executives
Rogue Resources Inc. 10% Security Holder

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