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Gold Flora (Gold Flora) Long-Term Capital Lease Obligation : $110.94 Mil (As of Dec. 2023)


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What is Gold Flora Long-Term Capital Lease Obligation?

Gold Flora's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $110.94 Mil.

Gold Flora's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($77.96 Mil) to Sep. 2023 ($112.24 Mil) but then declined from Sep. 2023 ($112.24 Mil) to Dec. 2023 ($110.94 Mil).

Gold Flora's annual Long-Term Capital Lease Obligation increased from . 20 ($0.00 Mil) to Dec. 2022 ($77.96 Mil) and increased from Dec. 2022 ($77.96 Mil) to Dec. 2023 ($110.94 Mil).

Gold Flora Long-Term Capital Lease Obligation Historical Data

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

Gold Flora Annual Data
Trend Dec22 Dec23
Long-Term Capital Lease Obligation
77.96 110.94

Gold Flora Quarterly Data
Sep22 Dec22 Sep23 Dec23
Long-Term Capital Lease Obligation - 77.96 112.24 110.94

Gold Flora  (OTCPK:GRAM) 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.

Gold Flora Long-Term Capital Lease Obligation Related Terms

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Gold Flora (Gold Flora) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Gold Flora Corp (OTCPK:GRAM) » Definitions » Long-Term Capital Lease Obligation
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GRAM:Canada
Address
3165 Red Hill Avenue, Costa Mesa, CA, USA, 92626
Website
https://www.goldflora.com
Gold Flora Corp is one of the few cannabis brands that is vertically integrated and woman-owned and operated. Gold Flora started with a mission to provide an easy and consistent way for consumers to enjoy cannabis. After years of hard work and a shared passion for the plant, Gold Flora has become a California powerhouse - with cultivation, manufacturing, extraction, distribution, retail and a portfolio of brands that create an array of superior products that make a difference in people's lives. Its products include disposable vape pens and gold flora flowers.

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