Argo Living Soils (XCNQ:ARGO) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Nov. 2023)

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What is Argo Living Soils Long-Term Capital Lease Obligation?

Argo Living Soils's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.00 Mil.

Argo Living Soils's annual Long-Term Capital Lease Obligation declined from Nov. 2021 (C$0.01 Mil) to Nov. 2022 (C$0.00 Mil) but then stayed the same from Nov. 2022 (C$0.00 Mil) to Nov. 2023 (C$0.00 Mil).

Argo Living Soils Long-Term Capital Lease Obligation Historical Data

The historical data trend for Argo Living Soils'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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Argo Living Soils Long-Term Capital Lease Obligation Chart

Argo Living Soils Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Long-Term Capital Lease Obligation

0.01

Argo Living Soils Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										-	-	-	-	-

Argo Living Soils (XCNQ:ARGO) 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.

Argo Living Soils Long-Term Capital Lease Obligation Related Terms

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Argo Living Soils (XCNQ:ARGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Argo Living Soils Corp (XCNQ:ARGO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ARLSF:USA

Address

1130 Pender Street West, Suite 820, Vancouver, BC, CAN, V6E 4A4

Website

https://argolivingsoils.com

Argo Living Soils Corp is an agribusiness company specializing in producing and developing organic products including soil amendments, living soils, bio-fertilizers, vermicompost, and compost tea kits formulated specifically for high-value crops.

Executives

Robert Carlo Intile

Director