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Hispania Resources (TSXV:ESPN) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jun. 2024)


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What is Hispania Resources Long-Term Capital Lease Obligation?

Hispania Resources's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.00 Mil.


Hispania Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hispania Resources'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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Hispania Resources Long-Term Capital Lease Obligation Chart

Hispania Resources Annual Data
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Long-Term Capital Lease Obligation
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Hispania Resources Quarterly Data
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Hispania Resources  (TSXV:ESPN) 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.

Hispania Resources Long-Term Capital Lease Obligation Related Terms

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Hispania Resources Business Description

Traded in Other Exchanges
N/A
Address
60 Wellesley Street West, Unit 2, Toronto, ON, CAN, M5S 3L2
Hispania Resources Inc is an exploration and development company. This Company is focused on the acquisition, exploration, and development of mining properties in Spain. This company is engaged in developing the long-term mining potential of its core asset, the Zinc, Copper enriched Puebla de la Reina (PBR) property in the low-risk and historic mining district of Extremadura in Southwest Spain.
Executives
Norman Brewster Director

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