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Fjordland Exploration (TSXV:FEX) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jun. 2024)


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What is Fjordland Exploration Long-Term Capital Lease Obligation?

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

Fjordland Exploration's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$0.03 Mil) but then declined from Dec. 2022 (C$0.03 Mil) to Dec. 2023 (C$0.00 Mil).

Fjordland Exploration Long-Term Capital Lease Obligation Historical Data

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

Fjordland Exploration Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.03 - 0.03 -

Fjordland Exploration Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 - - - -

Fjordland Exploration  (TSXV:FEX) 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.

Fjordland Exploration Long-Term Capital Lease Obligation Related Terms

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Fjordland Exploration Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fjordland Exploration Inc (TSXV:FEX) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
FEXXF:USA
Address
1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6
Website
https://www.fjordlandex.com
Fjordland Exploration Inc is a Canada-based exploration-stage company. It is engaged in the exploration of mineral properties. The company's projects include South Voisey's Bay Project, Renzy Nickel-Copper Project, Witch Project, and Milligan West Project. The Company has one operating segment, mineral acquisition, and exploration, and operates in one geographical segment, Canada.
Executives
Mark Gibson Director
Mark Thomas Brown Senior Officer
James Robert Tuer Director, Senior Officer
Richard Collier Atkinson 10% Security Holder, Director, Senior Officer