Gaby (GABLF) Long-Term Capital Lease Obligation

: $3.85 Mil (As of Mar. 2023)

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Gaby's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was $3.85 Mil.

Gaby's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 ($4.48 Mil) to Dec. 2022 ($3.95 Mil) and declined from Dec. 2022 ($3.95 Mil) to Mar. 2023 ($3.85 Mil).

Gaby's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($0.45 Mil) to Dec. 2021 ($6.26 Mil) but then declined from Dec. 2021 ($6.26 Mil) to Dec. 2022 ($3.95 Mil).

Gaby Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gaby'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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Gaby Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.06

4.86

0.45

6.26

3.95

Gaby Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															6.11	3.61	4.48	3.95	3.85

Gaby (OTCPK:GABLF) 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.

Gaby Long-Term Capital Lease Obligation Related Terms

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Gaby (GABLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Gaby Inc (OTCPK:GABLF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

579 - 3rd Steet SE, Suite 307, Medicine Hat, AB, CAN, T1A 0H2

Website

https://www.gabyinc.com

GABY Inc is a retail consolidator and the owner of Mankind Dispensary. Mankind is a well-known, and respected dispensary with deep roots in the California cannabis community operating in San Diego, California. The company curates and sells a diverse portfolio of products, including its own proprietary brands, Lulu's and Kind Republic through Mankind, manufactures Kind Republic, and distributes all its proprietary brands through its wholly owned subsidiary, GABY Manufacturing. A pioneer in the industry with a multi-vertical retail foundation, and a strong management team with experience in retail, consolidation, and cannabis, GABY is poised to grow its retail operations both organically and through acquisition.