Nickel 28 Capital (TSXV:NKL) Long-Term Capital Lease Obligation : C$0.04 Mil (As of Oct. 2023)

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What is Nickel 28 Capital Long-Term Capital Lease Obligation?

Nickel 28 Capital's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was C$0.04 Mil.

Nickel 28 Capital's quarterly Long-Term Capital Lease Obligation declined from Apr. 2023 (C$0.06 Mil) to Jul. 2023 (C$0.05 Mil) and declined from Jul. 2023 (C$0.05 Mil) to Oct. 2023 (C$0.04 Mil).

Nickel 28 Capital's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (C$0.02 Mil) to Jan. 2022 (C$0.00 Mil) but then increased from Jan. 2022 (C$0.00 Mil) to Jan. 2023 (C$0.07 Mil).

Nickel 28 Capital Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nickel 28 Capital'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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Nickel 28 Capital Long-Term Capital Lease Obligation Chart

Nickel 28 Capital Annual Data

Trend

Dec19

Dec20

Jan22

Jan23

Long-Term Capital Lease Obligation

0.07

0.02

0.07

Nickel 28 Capital Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											0.05	0.07	0.06	0.05	0.04

Nickel 28 Capital (TSXV:NKL) 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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Nickel 28 Capital (TSXV:NKL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel 28 Capital Corp (TSXV:NKL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CONXF:USA 3JC:Germany

Address

155 University Avenue, Suite 1240, Toronto, ON, CAN, M5H 3B7

Website

https://www.nickel28.com

Nickel 28 Capital Corp is a nickel-cobalt producer in Canada. Nickel-cobalt production comes from its joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea provides it with significant attributable nickel and cobalt production thereby offering shareholders direct exposure to two metals that are critical to the adoption of electric vehicles. In addition, the company manages a portfolio of around 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia, and Papua New Guinea.

Executives

Edward A. Collery	Director, Director or Senior Officer of 10% Security Holder
Pelham Investment Partners	10% Security Holder

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