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Greenlane Holdings Long-Term Capital Lease Obligation

: $3.6 Mil (As of Mar. 2020)
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Greenlane Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2020 was $3.6 Mil.

Greenlane Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2019 ($2.0 Mil) to Dec. 2019 ($4.0 Mil) but then declined from Dec. 2019 ($4.0 Mil) to Mar. 2020 ($3.6 Mil).

Greenlane Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2017 ($0.1 Mil) to Dec. 2018 ($0.0 Mil) but then increased from Dec. 2018 ($0.0 Mil) to Dec. 2019 ($4.0 Mil).


Greenlane Holdings Long-Term Capital Lease Obligation Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Greenlane Holdings Annual Data
Dec17 Dec18 Dec19
Long-Term Capital Lease Obligation 0.09 0.00 4.04

Greenlane Holdings Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
Long-Term Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.00 1.87 2.04 4.04 3.62

Greenlane Holdings  (NAS:GNLN) 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.

Greenlane Holdings Long-Term Capital Lease Obligation Related Terms


Greenlane Holdings Long-Term Capital Lease Obligation Headlines

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