Body and Mind (XCNQ:BAMM) Long-Term Capital Lease Obligation : C$8.34 Mil (As of Jan. 2024)

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What is Body and Mind Long-Term Capital Lease Obligation?

Body and Mind's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$8.34 Mil.

Body and Mind's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (C$10.38 Mil) to Oct. 2023 (C$10.41 Mil) but then declined from Oct. 2023 (C$10.41 Mil) to Jan. 2024 (C$8.34 Mil).

Body and Mind's annual Long-Term Capital Lease Obligation increased from Jul. 2021 (C$2.91 Mil) to Jul. 2022 (C$6.23 Mil) and increased from Jul. 2022 (C$6.23 Mil) to Jul. 2023 (C$10.38 Mil).

Body and Mind Long-Term Capital Lease Obligation Historical Data

The historical data trend for Body and Mind'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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Body and Mind Long-Term Capital Lease Obligation Chart

Body and Mind Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Long-Term Capital Lease Obligation

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2.44

2.91

6.23

10.38

Body and Mind Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															10.35	11.81	10.38	10.41	8.34

Body and Mind (XCNQ:BAMM) 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.

Body and Mind Long-Term Capital Lease Obligation Related Terms

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Body and Mind (XCNQ:BAMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Body and Mind Inc (XCNQ:BAMM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

BMMJ:USA

Address

750-1095 West Pender Street, Vancouver, BC, CAN, V6E 2M6

Website

https://www.bodyandmind.com

Body and Mind Inc is a multi-state cannabis operator, which has retail, distribution, cultivation, and/or processing operations in Nevada, California, Arkansas, Ohio and Illinois. It has developed the marquis lifestyle Body and Mind brand in Nevada with penetration into dispensaries and has expanded its brand and products to dispensaries in California. The Body and Mind brand appeals to a wide range of cannabis consumers with products including flowers, oils, extracts (wax, live resin, ambrosia), and edibles. The Company Operates in Three segments; Wholesale, Retail, and All others. The Majority of revenue is derived from the Retail segment.

Executives

Darren Tindale

Senior Officer

Body and Mind (XCNQ:BAMM) Headlines

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