MedMen Enterprises (MedMen Enterprises) Long-Term Capital Lease Obligation : $67.4 Mil (As of Mar. 2023)

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What is MedMen Enterprises Long-Term Capital Lease Obligation?

MedMen Enterprises's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was $67.4 Mil.

MedMen Enterprises's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 ($74.2 Mil) to Dec. 2022 ($68.0 Mil) and declined from Dec. 2022 ($68.0 Mil) to Mar. 2023 ($67.4 Mil).

MedMen Enterprises's annual Long-Term Capital Lease Obligation declined from Jun. 2020 ($174.6 Mil) to Jun. 2021 ($91.2 Mil) and declined from Jun. 2021 ($91.2 Mil) to Jun. 2022 ($70.6 Mil).

MedMen Enterprises Long-Term Capital Lease Obligation Historical Data

The historical data trend for MedMen Enterprises'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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MedMen Enterprises Long-Term Capital Lease Obligation Chart

MedMen Enterprises Annual Data

Trend

Oct13

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Oct16

Jun17

Jun18

Jun19

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Jun21

Jun22

Long-Term Capital Lease Obligation

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12.23

174.56

91.18

70.65

MedMen Enterprises Quarterly Data
	Apr18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															85.26	70.65	74.19	68.01	67.41

MedMen Enterprises (OTCPK:MMNFQ) 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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MedMen Enterprises (MedMen Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » MedMen Enterprises Inc (OTCPK:MMNFQ) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

10115 Jefferson Boulevard, Culver City, CA, USA, 90232

Website

https://www.medmen.com

MedMen Enterprises Inc formerly known as Ladera Ventures Corp is the preeminent cannabis company with multiple assets and operations in California, Nevada, and New York, which combined account for nearly half of North America's addressable legal market. The company owns and operates licensed cannabis facilities in cultivation, manufacturing, and retail.