Sage Potash (TSXV:SAGE) Long-Term Capital Lease Obligation : C$0.03 Mil (As of Dec. 2023)

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What is Sage Potash Long-Term Capital Lease Obligation?

Sage Potash's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.03 Mil.

Sage Potash's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$0.05 Mil) to Sep. 2023 (C$0.04 Mil) and declined from Sep. 2023 (C$0.04 Mil) to Dec. 2023 (C$0.03 Mil).

Sage Potash Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sage Potash'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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Sage Potash Long-Term Capital Lease Obligation Chart

Sage Potash Annual Data

Trend

Long-Term Capital Lease Obligation

Sage Potash Quarterly Data
	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	0.05	0.04	0.03

Sage Potash (TSXV:SAGE) 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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Sage Potash (TSXV:SAGE) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sage Potash Corp (TSXV:SAGE) » Definitions » Long-Term Capital Lease Obligation

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SGPTF:USA

Address

889 West Pender Street, Suite 605, Vancouver, BC, CAN, V6C 3B2

Website

https://www.sagepotash.com

Sage Potash Corp is engaged in the acquisition, exploration, and development of mineral properties. Its principal business activity is the acquisition, exploration, and development of potash mineral properties. It holds interest in Sage Plain Potash property. The projects of the company include Sage Potash and Sage Lithium.