Juva Life (Juva Life) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2023)

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What is Juva Life Long-Term Capital Lease Obligation?

Juva Life's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was $0.00 Mil.

Juva Life's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 ($0.10 Mil) to Sep. 2022 ($0.00 Mil) but then stayed the same from Sep. 2022 ($0.00 Mil) to Mar. 2023 ($0.00 Mil).

Juva Life's annual Long-Term Capital Lease Obligation increased from . 20 ($0.00 Mil) to Dec. 2019 ($1.80 Mil) but then declined from Dec. 2019 ($1.80 Mil) to Dec. 2020 ($1.38 Mil).

Juva Life Long-Term Capital Lease Obligation Historical Data

The historical data trend for Juva Life'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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Juva Life Long-Term Capital Lease Obligation Chart

Juva Life Annual Data

Trend

Dec19

Dec20

Long-Term Capital Lease Obligation

1.80

1.38

Juva Life Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Mar22	Jun22	Sep22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							0.73	3.98	0.10	-	-

Juva Life (OTCPK:JUVAF) 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.

Juva Life Long-Term Capital Lease Obligation Related Terms

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Juva Life (Juva Life) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Juva Life Inc (OTCPK:JUVAF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

4VV:Germany JUVA:Canada

Address

885 West Georgia Street, Suite 1400, Vancouver, BC, CAN, V6C 3E8

Website

https://www.juvalife.com

Juva Life Inc business is to acquire, own, and operate various cannabis business in the state of California. The Company operates in two reportable segments i) the resale of merchandise and cannabis-derived products, and ii) cultivation and sale of trim and flowers.