Corix Bioscience (Corix Bioscience) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2017)

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What is Corix Bioscience Long-Term Capital Lease Obligation?

Corix Bioscience's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2017 was $0.00 Mil.

Corix Bioscience Long-Term Capital Lease Obligation Historical Data

The historical data trend for Corix Bioscience'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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Corix Bioscience Long-Term Capital Lease Obligation Chart

Corix Bioscience Annual Data

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Long-Term Capital Lease Obligation

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Corix Bioscience Quarterly Data
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Corix Bioscience (GREY:CXBS) 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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Corix Bioscience (Corix Bioscience) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Corix Bioscience Inc (GREY:CXBS) » Definitions » Long-Term Capital Lease Obligation

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Address

18662 MaCaurther Boulevard, Suite 200, Irvine, CA, USA, 85085

Website

http://www.corixbioscience.com

Corix Bioscience Inc is a United States-based research and development firm of cannabidiol (CBD) products and treatments. It is engaged in the business of producing organic CBD oil used for medical applications and treatments. In addition, the group is also focused on the production of tetrahydrocannabivarin oil. The company is focused on operations in Oregon, California, and Nevada, United States.

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