Greenfern Industries (NZSE:GFI) Long-Term Capital Lease Obligation : NZ$0.00 Mil (As of Mar. 2023)

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What is Greenfern Industries Long-Term Capital Lease Obligation?

Greenfern Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was NZ$0.00 Mil.

Greenfern Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Greenfern Industries'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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Greenfern Industries Long-Term Capital Lease Obligation Chart

Greenfern Industries Annual Data

Trend

Mar22

Mar23

Long-Term Capital Lease Obligation

Greenfern Industries Semi-Annual Data
	Mar22	Mar23
Long-Term Capital Lease Obligation	-	-

Greenfern Industries (NZSE:GFI) 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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Greenfern Industries (NZSE:GFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenfern Industries Ltd (NZSE:GFI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

115 Queen Street, Level 8, General Capital House, Auckland, NTL, NZL, 1040

Website

https://www.gfi.nz

Greenfern Industries Ltd is committed to the environmentally friendly production of medicinal cannabis and hemp-based products. It operates in two segments, Cannabis and therapeutics products the operations of this segment reflect the activities of manufacture and distribution of cannabis products, Electricity generation this segment includes the generation and distribution of electricity. The hemp seed and its by-products are used for a range of different products from a high protein ingredient in a plant-based meat substitute, a hemp-based skincare range, and hemp-based beverages amongst other things.