PesoRama (TSXV:PESO) Long-Term Capital Lease Obligation

: C$2.70 Mil (As of Oct. 2023)

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PesoRama's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was C$2.70 Mil.

PesoRama's quarterly Long-Term Capital Lease Obligation declined from Apr. 2023 (C$3.38 Mil) to Jul. 2023 (C$3.10 Mil) and declined from Jul. 2023 (C$3.10 Mil) to Oct. 2023 (C$2.70 Mil).

PesoRama's annual Long-Term Capital Lease Obligation increased from Jan. 2021 (C$3.04 Mil) to Jan. 2022 (C$3.75 Mil) but then declined from Jan. 2022 (C$3.75 Mil) to Jan. 2023 (C$3.65 Mil).

PesoRama Long-Term Capital Lease Obligation Historical Data

The historical data trend for PesoRama'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.

* Premium members only.

PesoRama Annual Data

Trend

Jan20

Jan21

Jan22

Jan23

Long-Term Capital Lease Obligation

2.50

3.04

3.75

3.65

PesoRama Quarterly Data
	Jan20	Oct20	Jan21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Long-Term Capital Lease Obligation									3.93	3.65	3.38	3.10	2.70

PesoRama (TSXV:PESO) 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.

PesoRama Long-Term Capital Lease Obligation Related Terms

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PesoRama (TSXV:PESO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » PesoRama Inc (TSXV:PESO) » Definitions » Long-Term Capital Lease Obligation

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PSSOF:USA

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.pesorama.ca

PesoRama Inc operating under the JOi Canadian Stores brand is a Mexican value single price-point dollar store retailer. The firm's stores offer consistent merchandise offerings which include household goods, pet supplies, seasonal products, party supplies, health and beauty, snack food items, confectionery, and more.

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