CanadaBis Capital (TSXV:CANB) Long-Term Capital Lease Obligation : C$0.80 Mil (As of Jan. 2024)

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What is CanadaBis Capital Long-Term Capital Lease Obligation?

CanadaBis Capital's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.80 Mil.

CanadaBis Capital's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 (C$0.95 Mil) to Oct. 2023 (C$0.88 Mil) and declined from Oct. 2023 (C$0.88 Mil) to Jan. 2024 (C$0.80 Mil).

CanadaBis Capital's annual Long-Term Capital Lease Obligation declined from Jul. 2021 (C$0.81 Mil) to Jul. 2022 (C$0.43 Mil) but then increased from Jul. 2022 (C$0.43 Mil) to Jul. 2023 (C$0.95 Mil).

CanadaBis Capital Long-Term Capital Lease Obligation Historical Data

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

CanadaBis Capital Annual Data

Trend

Nov16

Dec17

Dec18

Jul19

Jul20

Jul21

Jul22

Jul23

Long-Term Capital Lease Obligation

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0.39

0.81

0.43

0.95

CanadaBis Capital Quarterly Data
	Mar19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.53	0.49	0.95	0.88	0.80

CanadaBis Capital (TSXV:CANB) 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.

CanadaBis Capital Long-Term Capital Lease Obligation Related Terms

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CanadaBis Capital (TSXV:CANB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CanadaBis Capital Inc (TSXV:CANB) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CNADF:USA

Address

PO Box 850, Rocky Mountain House, AB, CAN, T4T 1A6

Website

https://www.canadabis.com

CanadaBis Capital Inc is a vertically-integrated cannabis company. The firm engages in the production and sale of recreational cannabis. Its product line consists of Stigma Roots. It operates in three segments: wholesale, retail, and extraction and tolling. The wholesale segment cultivates and distributes cannabis and cannabis products to and through, provincial liquor and cannabis boards. Retail segment involves sale of cannabis and cannabis-related products to end consumers on-premise owned and operated by the Company. Extraction and tolling segment provides cannabinoid extraction services to other licensed producers. The company generates maximum of its revenue from Extraction and tolling.

Executives

Garfield Richards

Senior Officer