Choom Holdings (Choom Holdings) Long-Term Capital Lease Obligation : $5.40 Mil (As of Dec. 2021)

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What is Choom Holdings Long-Term Capital Lease Obligation?

Choom Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2021 was $5.40 Mil.

Choom Holdings's quarterly Long-Term Capital Lease Obligation increased from Jun. 2021 ($5.44 Mil) to Sep. 2021 ($5.76 Mil) but then declined from Sep. 2021 ($5.76 Mil) to Dec. 2021 ($5.40 Mil).

Choom Holdings's annual Long-Term Capital Lease Obligation increased from Jun. 2019 ($0.00 Mil) to Jun. 2020 ($4.86 Mil) and increased from Jun. 2020 ($4.86 Mil) to Jun. 2021 ($5.44 Mil).

Choom Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Choom Holdings'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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Choom Holdings Long-Term Capital Lease Obligation Chart

Choom Holdings Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Long-Term Capital Lease Obligation

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4.86

5.44

Choom Holdings Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															6.17	5.55	5.44	5.76	5.40

Choom Holdings (OTCPK:CHOOF) 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.

Choom Holdings Long-Term Capital Lease Obligation Related Terms

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Choom Holdings (Choom Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Choom Holdings Inc (OTCPK:CHOOF) » Definitions » Long-Term Capital Lease Obligation

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Address

1525 West 8th Avenue, Suite 208, Vancouver, BC, CAN, V6J 1T5

Website

https://www.choom.ca

Choom Holdings Inc is a Canadian cannabis retailer. It sells products under the brand name Choom. The company has two primary business units, Retail Cannabis, and Patient Counselling. It generates maximum revenue from the Retail Cannabis segment.