LEEEF (Leef Brands) Long-Term Capital Lease Obligation : $1.95 Mil (As of Sep. 2024)

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What is Leef Brands Long-Term Capital Lease Obligation?

Leef Brands's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1.95 Mil.

Leef Brands's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($2.06 Mil) to Jun. 2024 ($2.00 Mil) and declined from Jun. 2024 ($2.00 Mil) to Sep. 2024 ($1.95 Mil).

Leef Brands's annual Long-Term Capital Lease Obligation increased from Jul. 2021 ($0.70 Mil) to Dec. 2022 ($3.09 Mil) but then declined from Dec. 2022 ($3.09 Mil) to Dec. 2023 ($2.11 Mil).

Leef Brands Long-Term Capital Lease Obligation Historical Data

The historical data trend for Leef Brands'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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Leef Brands Long-Term Capital Lease Obligation Chart

Leef Brands Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul19

Jul20

Jul21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.74

0.70

3.09

2.11

Leef Brands Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.15	2.11	2.06	2.00	1.95

Leef Brands (OTCPK:LEEEF) 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.

Leef Brands Long-Term Capital Lease Obligation Related Terms

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Leef Brands Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Leef Brands Inc (OTCPK:LEEEF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

H3G:Germany LEEF:Canada

Address

1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://www.leefbrands.com

Leef Brands Inc is a manufacturer of cannabis-branded products manufacturer based in California. It offers products under brand names like Real Deal Resin, Ganja Gold, Heady, and Leef. Geographically, it derives a majority of its revenue from the United States. It has one operation of the Company located in Canada and the United States. The Company has one reportable business segment in the cannabis sector. It generates the majority of its revenue from the USA.