SBBCF (Simply Better Brands) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2024)

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What is Simply Better Brands Long-Term Capital Lease Obligation?

Simply Better Brands's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil.

Simply Better Brands Long-Term Capital Lease Obligation Historical Data

The historical data trend for Simply Better 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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Simply Better Brands Long-Term Capital Lease Obligation Chart

Simply Better Brands Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.09

0.03

Simply Better Brands Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Simply Better Brands (OTCPK:SBBCF) 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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Simply Better Brands Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Simply Better Brands Corp (OTCPK:SBBCF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

5SS0:Germany SBBC:Canada

Address

595 Howe Street, Suite 206, Vancouver, BC, CAN, V6C 2T5

Website

https://www.simplybetterbrands.com

Simply Better Brands Corp is promoting healthy and active lifestyles. In addition to expanding its majority-owned CBD subsidiary brand, PureKana, the company has announced strategic acquisitions in industry health, wellness, beauty, pet and lifestyle brands and companies. The Company operates in one reportable segment being the sale of consumer health and wellness products with sales principally generated from the United States.