Radient Technologies (Radient Technologies) Long-Term Capital Lease Obligation : $0.51 Mil (As of Dec. 2022)

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What is Radient Technologies Long-Term Capital Lease Obligation?

Radient Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.51 Mil.

Radient Technologies's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 ($0.07 Mil) to Sep. 2022 ($0.52 Mil) but then declined from Sep. 2022 ($0.52 Mil) to Dec. 2022 ($0.51 Mil).

Radient Technologies's annual Long-Term Capital Lease Obligation declined from Mar. 2020 ($1.05 Mil) to Mar. 2021 ($0.29 Mil) and declined from Mar. 2021 ($0.29 Mil) to Mar. 2022 ($0.13 Mil).

Radient Technologies Long-Term Capital Lease Obligation Historical Data

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

Radient Technologies Annual Data

Trend

Dec13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Long-Term Capital Lease Obligation

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0.15

0.07

1.05

0.29

0.13

Radient Technologies Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	0.13	0.07	0.52	0.51

Radient Technologies (OTCPK:RDDTF) 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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Radient Technologies (Radient Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Radient Technologies Inc (OTCPK:RDDTF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

4035 101 St. NW, Edmonton, AB, CAN, T6E 0A4

Website

https://www.radientinc.com

Radient Technologies Inc is a Canadian company engaged in manufacturing cannabis derivatives, formulations, and products. It has developed its extraction process, Microwave Assisted Processing (MAP), which is used for producing a consistent product at industrial-scale quantities. It provides its customers and partners with white-label extracts, formulations, and finished products that contain a broad spectrum of cannabinoid and terpene profiles. While it operates in Canada and is building an additional facility in Germany. It operates in a single segment namely the production and sale of cannabis-related retail products.