Canada House Wellness Group (Canada House Wellness Group) Long-Term Capital Lease Obligation : $1.40 Mil (As of Apr. 2023)

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What is Canada House Wellness Group Long-Term Capital Lease Obligation?

Canada House Wellness Group's Long-Term Capital Lease Obligation for the quarter that ended in Apr. 2023 was $1.40 Mil.

Canada House Wellness Group's quarterly Long-Term Capital Lease Obligation increased from Oct. 2022 ($1.26 Mil) to Jan. 2023 ($1.28 Mil) and increased from Jan. 2023 ($1.28 Mil) to Apr. 2023 ($1.40 Mil).

Canada House Wellness Group's annual Long-Term Capital Lease Obligation increased from Apr. 2019 ($0.00 Mil) to Apr. 2020 ($1.78 Mil) but then declined from Apr. 2020 ($1.78 Mil) to Apr. 2021 ($1.56 Mil).

Canada House Wellness Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Canada House Wellness 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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Canada House Wellness Group Long-Term Capital Lease Obligation Chart

Canada House Wellness Group Annual Data

Trend

Mar12

Mar13

Mar14

Jul15

Jul16

Apr17

Apr18

Apr19

Apr20

Apr21

Long-Term Capital Lease Obligation

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1.78

1.56

Canada House Wellness Group Quarterly Data
	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Oct22	Jan23	Apr23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.50	1.45	1.26	1.28	1.40

Canada House Wellness Group (OTCPK:SARSF) 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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Canada House Wellness Group (Canada House Wellness Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Canada House Wellness Group Inc (OTCPK:SARSF) » Definitions » Long-Term Capital Lease Obligation

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Address

551 Rue, Saint Marc, Louiseville, Quebec, QC, CAN, J5V 2L4

Website

https://canadahouse.ca/

Canada House Cannabis Group Inc is a licensed producer that produces high quality medical grade cannabis. IsoCanMed Inc, a Licensed Producer in Louiseville, Quebec growing indoor cannabis, production facility employing state of the art vertical, aeroponic production methodologies; Canada House Clinics Inc, with clinics across the country that work directly with primary care teams to provide specialized cannabinoid therapy services to patients suffering from simple and complex medical conditions; and Knalysis Technologies, a provider of fully customizable, cloud-based software that links physician, provider, and patient to data that supports treatment with medical cannabis; Margaree Health Group a medical cannabis clinic.

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