Pideka Group (Pideka Group) Long-Term Capital Lease Obligation : $2.75 Mil (As of Sep. 2021)

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What is Pideka Group Long-Term Capital Lease Obligation?

Pideka Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2021 was $2.75 Mil.

Pideka Group's quarterly Long-Term Capital Lease Obligation declined from Mar. 2021 ($1.94 Mil) to Jun. 2021 ($1.04 Mil) but then increased from Jun. 2021 ($1.04 Mil) to Sep. 2021 ($2.75 Mil).

Pideka Group Long-Term Capital Lease Obligation Historical Data

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

Pideka Group Annual Data

Trend

Long-Term Capital Lease Obligation

Pideka Group Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	1.94	1.04	2.75

Pideka Group (OTCPK:CIMVF) 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.

Pideka Group Long-Term Capital Lease Obligation Related Terms

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Pideka Group (Pideka Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Pideka Group Inc (OTCPK:CIMVF) » Definitions » Long-Term Capital Lease Obligation

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Address

40 King Street West, 2100 Scotia Plaza, Toronto, ON, CAN, M5H 3C2

Website

https://www.ikanikfarms.com

Pideka Group Inc is multi-national operator with a medical grade indoor cultivation facility and laboratory in Colombia which holds GMP-PHARMA and good agricultural and collection practice certifications, and a retail operation in California.