MTL Cannabis (STU:J4E) Long-Term Capital Lease Obligation : €9.14 Mil (As of Sep. 2023)

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What is MTL Cannabis Long-Term Capital Lease Obligation?

MTL Cannabis's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was €9.14 Mil.

MTL Cannabis's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (€7.90 Mil) to Jun. 2023 (€7.96 Mil) and increased from Jun. 2023 (€7.96 Mil) to Sep. 2023 (€9.14 Mil).

MTL Cannabis's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (€3.92 Mil) to Mar. 2022 (€3.75 Mil) but then increased from Mar. 2022 (€3.75 Mil) to Mar. 2023 (€7.90 Mil).

MTL Cannabis Long-Term Capital Lease Obligation Historical Data

The historical data trend for MTL Cannabis'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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MTL Cannabis Long-Term Capital Lease Obligation Chart

MTL Cannabis Annual Data

Trend

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

3.92

3.75

7.90

MTL Cannabis Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	7.90	7.96	9.14	-

MTL Cannabis (STU:J4E) 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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MTL Cannabis (STU:J4E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » MTL Cannabis Corp (STU:J4E) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

J4E:Germany MTLC:Canada

Address

1773 Bayly Street, Pickering, ON, CAN, L1W 2Y7

Website

https://www.mtlcannabis.ca

MTL Cannabis Corp is a flower-first company built for the modern street, MTL Cannabis uses proprietary hydroponic growing methodologies supported by handcrafted techniques to produce products that are truly crafted for the masses. The company focuses on craft quality cannabis products, including lines of dried flower, pre-rolls and hash marketed under the MTL Cannabis, Low Key by MTL and R'belle brands for the Canadian market through nine distribution arrangements with various provincial cannabis distributors. It has also developed a number of export channels for bulk and unbranded GACP quality cannabis.

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