Future Farm Technologies (XCNQ:FFT) Long-Term Capital Lease Obligation : C$0.17 Mil (As of Nov. 2019)

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What is Future Farm Technologies Long-Term Capital Lease Obligation?

Future Farm Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2019 was C$0.17 Mil.

Future Farm Technologies's quarterly Long-Term Capital Lease Obligation increased from May. 2019 (C$0.11 Mil) to Aug. 2019 (C$0.15 Mil) and increased from Aug. 2019 (C$0.15 Mil) to Nov. 2019 (C$0.17 Mil).

Future Farm Technologies's annual Long-Term Capital Lease Obligation increased from Feb. 2017 (C$0.00 Mil) to Feb. 2018 (C$0.09 Mil) and increased from Feb. 2018 (C$0.09 Mil) to Feb. 2019 (C$0.14 Mil).

Future Farm Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Future Farm 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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Future Farm Technologies Long-Term Capital Lease Obligation Chart

Future Farm Technologies Annual Data

Trend

Feb10

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Feb19

Long-Term Capital Lease Obligation

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0.09

0.14

Future Farm Technologies Quarterly Data
	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.17	0.14	0.11	0.15	0.17

Future Farm Technologies (XCNQ:FFT) 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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Future Farm Technologies (XCNQ:FFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Future Farm Technologies Inc (XCNQ:FFT) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

543 Granville Street, Suite 501, Vancouver, BC, CAN, V6C 1X8

Website

http://www.futurefarmtech.com

Future Farm Technologies Inc is an indoor plant growth technology company. It operates through the following segments: Indoor plant growth technology specializing in LED lighting and vertical farming solutions; and the operation of an ornamental plant greenhouse. The firm generates majority revenue from Nursery plants.

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