BYND Cannasoft Enterprises (XCNQ:BYND) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Dec. 2023)

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What is BYND Cannasoft Enterprises Long-Term Capital Lease Obligation?

BYND Cannasoft Enterprises's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil.

BYND Cannasoft Enterprises Long-Term Capital Lease Obligation Historical Data

The historical data trend for BYND Cannasoft Enterprises'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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BYND Cannasoft Enterprises Long-Term Capital Lease Obligation Chart

BYND Cannasoft Enterprises Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

BYND Cannasoft Enterprises Quarterly Data
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BYND Cannasoft Enterprises (XCNQ:BYND) 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.

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BYND Cannasoft Enterprises (XCNQ:BYND) Business Description

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BCAN:USA

Address

2264 East 11th Avenue, Vancouver, BC, CAN, V5N 1Z6

Website

https://cannasoft-crm.com

BYND Cannasoft Enterprises Inc is engaged in the continued development of its new Benefit CRM and Cannabis CRM Platform along with construction, licensing, and operation of the Cannabis Farm and indoor cannabis growing facility.