Greenridge Exploration (XCNQ:GXP) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Aug. 2023)

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What is Greenridge Exploration Long-Term Capital Lease Obligation?

Greenridge Exploration's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was C$0.00 Mil.

Greenridge Exploration Long-Term Capital Lease Obligation Historical Data

The historical data trend for Greenridge Exploration'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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Greenridge Exploration Long-Term Capital Lease Obligation Chart

Greenridge Exploration Annual Data

Trend

Aug23

Long-Term Capital Lease Obligation

Greenridge Exploration Semi-Annual Data
	Aug23
Long-Term Capital Lease Obligation	-

Greenridge Exploration (XCNQ:GXP) 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.

Greenridge Exploration Long-Term Capital Lease Obligation Related Terms

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Greenridge Exploration (XCNQ:GXP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Greenridge Exploration Inc (XCNQ:GXP) » Definitions » Long-Term Capital Lease Obligation

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HW3:Germany

Address

905 West Pender Street, 6th Floor, Vancouver, BC, CAN, V6C 1L6

Website

Greenridge Exploration Inc is engaged in mineral exploration in Canada and its objective is to locate and, if warranted, develop economic mineral properties. It holds interest in Weyman Property which comprises 7 map-staked mineral claims covering nearly 2,803.89 hectares in the Kamloops and Nicola Mining Divisions and in the Thompson Nicola Regional District on the Thompson Plateau of Southern British Columbia.

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