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DAVIDsTEA (DAVIDsTEA) Long-Term Capital Lease Obligation : $6.06 Mil (As of Oct. 2022)


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What is DAVIDsTEA Long-Term Capital Lease Obligation?

DAVIDsTEA's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2022 was $6.06 Mil.

DAVIDsTEA's quarterly Long-Term Capital Lease Obligation declined from Apr. 2022 ($7.57 Mil) to Jul. 2022 ($6.92 Mil) and declined from Jul. 2022 ($6.92 Mil) to Oct. 2022 ($6.06 Mil).

DAVIDsTEA's annual Long-Term Capital Lease Obligation declined from Jan. 2020 ($55.18 Mil) to Jan. 2021 ($0.28 Mil) but then increased from Jan. 2021 ($0.28 Mil) to Jan. 2022 ($8.07 Mil).


DAVIDsTEA Long-Term Capital Lease Obligation Historical Data

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

DAVIDsTEA Annual Data
Trend Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 55.18 0.28 8.07

DAVIDsTEA Quarterly Data
Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.19 8.07 7.57 6.92 6.06

DAVIDsTEA  (OTCPK:DTEAF) 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.

DAVIDsTEA Long-Term Capital Lease Obligation Related Terms

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DAVIDsTEA (DAVIDsTEA) Business Description

Traded in Other Exchanges
N/A
Address
5430 Ferrier Street, Mount-Royal, QC, CAN, H4P 1M2
DAVIDsTEA Inc is a company functional in Canada's packaged foods market. Operating as a branded retailer of different types of tea, the company serves through DAVIDsTEA stores and its website, davidstea.com. Its business involves the sale of three main products; Tea, Tea Accessories and Food and Beverages. Tea products such as loose-leaf teas, pre-packaged teas, and tea sachets account for the majority of the company's sales. The Company has two operating segments, Canada, and the U.S; that derive their revenues from various distribution channels including online, retail and wholesale. The Company derives revenue from Tea, Tea accessories and Food and beverages products. Majority revenue is derived from Tea products.

DAVIDsTEA (DAVIDsTEA) Headlines