MPX International (FRA:2J6) Long-Term Capital Lease Obligation : €2.42 Mil (As of Mar. 2022)

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What is MPX International Long-Term Capital Lease Obligation?

MPX International's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2022 was €2.42 Mil.

MPX International's quarterly Long-Term Capital Lease Obligation declined from Sep. 2021 (€2.72 Mil) to Dec. 2021 (€2.66 Mil) and declined from Dec. 2021 (€2.66 Mil) to Mar. 2022 (€2.42 Mil).

MPX International's annual Long-Term Capital Lease Obligation increased from Sep. 2019 (€0.60 Mil) to Sep. 2020 (€2.60 Mil) and increased from Sep. 2020 (€2.60 Mil) to Sep. 2021 (€2.72 Mil).

MPX International Long-Term Capital Lease Obligation Historical Data

The historical data trend for MPX International'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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MPX International Long-Term Capital Lease Obligation Chart

MPX International Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Long-Term Capital Lease Obligation

0.63

0.60

2.60

2.72

MPX International Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												2.75	2.93	2.72	2.66	2.42

MPX International (FRA:2J6) 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.

MPX International Long-Term Capital Lease Obligation Related Terms

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MPX International (FRA:2J6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » MPX International Corp (FRA:2J6) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

5255 Yonge Street, Suite 701, Toronto, ON, CAN, M2N 6P4

Website

https://www.mpxinternationalcorp.com

MPX International Corp is a diversified cannabis company focused on developing and operating assets across the global medical and adult use and engaged in cultivating, manufacturing and marketing products that include cannabinoids as their primary active ingredient. The firm is organized into three segments: Canada, Europe/Africa, and Asia-Pacific. The Canada operating segment's principal business activities consist of production and sale of cannabis, video learning and engagement, patient counselling and referral services. The Europe/Africa operating segment's consist of the production and sale of cannabis and hemp-related products. The Asia-Pacific consist of the production and sale of cannabis. The majority of the revenue is generated in Canada.

MPX International (FRA:2J6) Headlines

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