High Tide (FRA:2LYA) Long-Term Capital Lease Obligation : €19.6 Mil (As of Jan. 2024)

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What is High Tide Long-Term Capital Lease Obligation?

High Tide's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was €19.6 Mil.

High Tide's quarterly Long-Term Capital Lease Obligation increased from Apr. 2023 (€17.0 Mil) to Oct. 2023 (€19.2 Mil) and increased from Oct. 2023 (€19.2 Mil) to Jan. 2024 (€19.6 Mil).

High Tide's annual Long-Term Capital Lease Obligation increased from Oct. 2021 (€16.7 Mil) to Oct. 2022 (€19.4 Mil) but then declined from Oct. 2022 (€19.4 Mil) to Oct. 2023 (€19.2 Mil).

High Tide Long-Term Capital Lease Obligation Historical Data

The historical data trend for High Tide'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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High Tide Long-Term Capital Lease Obligation Chart

High Tide Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

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9.31

16.67

19.38

19.22

High Tide Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															19.38	17.56	17.02	19.22	19.55

High Tide (FRA:2LYA) 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.

High Tide Long-Term Capital Lease Obligation Related Terms

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High Tide (FRA:2LYA) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » High Tide Inc (FRA:2LYA) » Definitions » Long-Term Capital Lease Obligation

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HITI:USA HITI:Canada

Address

11127 - 15 Street NE, Unit 112, Calgary, AB, CAN, T3K 2M4

Website

https://www.hightideinc.com

High Tide Inc is a downstream-focused retailer of cannabis products, distributor, and seller of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker's Corner Ltd., Grasscity.com, Canna Cabana Inc., and KushBar Inc. The firm has established two main segments, retail and wholesale. It generates substantial revenue from retail stores' e-commerce platforms. Geographically it serves Canada, the USA, and other international markets and earns key revenue from domestic sales.

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