City View Green Holdings (City View Green Holdings) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

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What is City View Green Holdings Long-Term Capital Lease Obligation?

City View Green Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

City View Green Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($2.19 Mil) to Dec. 2022 ($0.00 Mil) but then stayed the same from Dec. 2022 ($0.00 Mil) to Dec. 2023 ($0.00 Mil).

City View Green Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for City View Green Holdings'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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City View Green Holdings Long-Term Capital Lease Obligation Chart

City View Green Holdings Annual Data

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Dec23

Long-Term Capital Lease Obligation

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2.64

2.31

2.19

City View Green Holdings Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

City View Green Holdings (OTCPK:CVGRF) 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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City View Green Holdings (City View Green Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » City View Green Holdings Inc (OTCPK:CVGRF) » Definitions » Long-Term Capital Lease Obligation

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CVGR:Canada

Address

1173 Dundas Street East, Suite 132, Toronto, ON, CAN, M4M 3P1

Website

https://www.cityviewgreen.ca

City View Green Holdings Inc is a vertically integrated cannabis company. The company intends to produce medicinal products and recreational cannabis products for the Adult-Use market. Its facility is located in Brantford Ontario which offers cultivation and extraction space.