Omid Holdings (Omid Holdings) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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What is Omid Holdings Long-Term Capital Lease Obligation?

Omid Holdings's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.

Omid Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Omid Holdings'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.
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Omid Holdings Long-Term Capital Lease Obligation Chart

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Long-Term Capital Lease Obligation

Omid Holdings (OTCPK:OMID) 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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Omid Holdings (Omid Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Omid Holdings Inc (OTCPK:OMID) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

1130 Springtown Road, Suite B, Phillipsburg, NJ, USA, 08865

Website

https://www.omidholdingsinc.com

Omid Holdings Inc is a health and wellness company. It is specialized in the sale and manufacture of CBD-based products. The company manufactures and sells branded inhalable, sublingual, and topical hemp-derived consumer goods. Its brands include Naturally Peaked Health, Shangri-La Life, and Peac Wellness. The company also offers design, development, manufacturing services to clients in the CBD-based cannabis industry.