Little Green Pharma (ASX:LGP) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Sep. 2023)

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What is Little Green Pharma Long-Term Capital Lease Obligation?

Little Green Pharma's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$0.00 Mil.

Little Green Pharma's quarterly Long-Term Capital Lease Obligation increased from Dec. 2021 (A$0.00 Mil) to Mar. 2023 (A$0.03 Mil) but then declined from Mar. 2023 (A$0.03 Mil) to Sep. 2023 (A$0.00 Mil).

Little Green Pharma's annual Long-Term Capital Lease Obligation declined from Jun. 2020 (A$1.45 Mil) to Jun. 2021 (A$1.22 Mil) and declined from Jun. 2021 (A$1.22 Mil) to Mar. 2023 (A$0.03 Mil).

Little Green Pharma Long-Term Capital Lease Obligation Historical Data

The historical data trend for Little Green Pharma'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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Little Green Pharma Long-Term Capital Lease Obligation Chart

Little Green Pharma Annual Data

Trend

Jun19

Jun20

Jun21

Mar23

Long-Term Capital Lease Obligation

1.45

1.22

0.03

Little Green Pharma Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	1.22	-	0.03	-

Little Green Pharma (ASX:LGP) 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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Little Green Pharma (ASX:LGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Little Green Pharma Ltd (ASX:LGP) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

66 Kings Park Road, Level 2, Suite 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.littlegreenpharma.com

Little Green Pharma Ltd is engaged in the vertically integrated medicinal cannabis business. The business activities of the company include cultivation, production, research and development, manufacturing, and distribution of medicinal cannabis products. The company's two key types of products available at Little Green Pharma are oils (which are ingested) and flowers (which are usually inhaled through vaporizing). The company offers LGP-branded medicinal cannabis oil products in the Australian and European markets.

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