Green Thumb Industries (XCNQ:GTII) Long-Term Capital Lease Obligation : C$343 Mil (As of Mar. 2024)

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What is Green Thumb Industries Long-Term Capital Lease Obligation?

Green Thumb Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$343 Mil.

Green Thumb Industries's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$338 Mil) to Dec. 2023 (C$335 Mil) but then increased from Dec. 2023 (C$335 Mil) to Mar. 2024 (C$343 Mil).

Green Thumb Industries's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$234 Mil) to Dec. 2022 (C$339 Mil) but then declined from Dec. 2022 (C$339 Mil) to Dec. 2023 (C$335 Mil).

Green Thumb Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Green Thumb Industries'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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Green Thumb Industries Long-Term Capital Lease Obligation Chart

Green Thumb Industries Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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80.48

187.56

233.65

338.65

334.68

Green Thumb Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															344.27	329.93	338.30	334.68	342.76

Green Thumb Industries (XCNQ:GTII) 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.

Green Thumb Industries Long-Term Capital Lease Obligation Related Terms

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Green Thumb Industries (XCNQ:GTII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Green Thumb Industries Inc (XCNQ:GTII) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GTBIF:USA R9U2:Germany

Address

325 West Huron Street, Suite 700, Chicago, IL, USA, 60654

Website

https://www.gtigrows.com

Green Thumb Industries is headquartered in Chicago, Illinois, and produces and sells medicinal and recreational cannabis through wholesale and retail channels in the United States. It has a presence in 15 states and operates roughly 87 cannabis stores under the brand Rise. GTI is focusing its expansion on limited license states with large populations, and it does not currently export into the global medical market due to U.S. federal prohibition. It offers multiple products under a portfolio of cannabis consumer packaged goods brands, including &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles and RYTHM.