Pineapple (Pineapple) Long-Term Capital Lease Obligation : $6.51 Mil (As of Sep. 2023)

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What is Pineapple Long-Term Capital Lease Obligation?

Pineapple's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $6.51 Mil.

Pineapple's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 ($0.48 Mil) to Jun. 2023 ($5.34 Mil) and increased from Jun. 2023 ($5.34 Mil) to Sep. 2023 ($6.51 Mil).

Pineapple Long-Term Capital Lease Obligation Historical Data

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

Pineapple Annual Data

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Long-Term Capital Lease Obligation

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Pineapple Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	0.48	5.34	6.51

Pineapple (OTCPK:PNPL) 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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Pineapple (Pineapple) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Pineapple Inc (OTCPK:PNPL) » Definitions » Long-Term Capital Lease Obligation

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Address

10351 Santa Monica Boulevard, Suite 420, Los Angeles, CA, USA, 90025

Website

https://pineappleinc.com

Pineapple Inc Formerly Pineapple Express Inc through its subsidiary provides expert consulting, product licensing, and capital to help distinguish and grow new and existing businesses within the cannabis industry. Primarily the group is involved in purchase and lease of real estate property, offering consulting services and technology to develop and enhance canna-businesses. It derives most of the revenue from of rent and tent reimbursements source.