Simply Solventless Concentrates (TSXV:HASH) Long-Term Capital Lease Obligation : C$1.08 Mil (As of Mar. 2024)

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What is Simply Solventless Concentrates Long-Term Capital Lease Obligation?

Simply Solventless Concentrates's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1.08 Mil.

Simply Solventless Concentrates's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$1.22 Mil) to Dec. 2023 (C$1.15 Mil) and declined from Dec. 2023 (C$1.15 Mil) to Mar. 2024 (C$1.08 Mil).

Simply Solventless Concentrates's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$0.05 Mil) to Dec. 2022 (C$0.02 Mil) but then increased from Dec. 2022 (C$0.02 Mil) to Dec. 2023 (C$1.15 Mil).

Simply Solventless Concentrates Long-Term Capital Lease Obligation Historical Data

The historical data trend for Simply Solventless Concentrates'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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Simply Solventless Concentrates Long-Term Capital Lease Obligation Chart

Simply Solventless Concentrates Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.05

0.02

1.15

Simply Solventless Concentrates Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	1.27	1.22	1.15	1.08

Simply Solventless Concentrates (TSXV:HASH) 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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Simply Solventless Concentrates (TSXV:HASH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Simply Solventless Concentrates Ltd (TSXV:HASH) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

273209 Range Road 20, Rocky View County, AB, CAN, T4B 4P2

Website

https://www.simplysolventless.ca

Simply Solventless Concentrates Ltd is a company that provides pure, potent, terpene-rich solvent less concentrates to discerning cannabis consumers.

Executives

William Colin Macdonald	10% Security Holder, Director
Jeffrey Philip James Swainson	10% Security Holder, Director, Senior Officer

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