Wildpack Beverage (TSXV:CANS) Long-Term Capital Lease Obligation : C$8.33 Mil (As of Dec. 2023)

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What is Wildpack Beverage Long-Term Capital Lease Obligation?

Wildpack Beverage's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$8.33 Mil.

Wildpack Beverage's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (C$8.51 Mil) to Sep. 2023 (C$9.44 Mil) but then declined from Sep. 2023 (C$9.44 Mil) to Dec. 2023 (C$8.33 Mil).

Wildpack Beverage's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$13.37 Mil) to Dec. 2022 (C$11.10 Mil) and declined from Dec. 2022 (C$11.10 Mil) to Dec. 2023 (C$8.33 Mil).

Wildpack Beverage Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wildpack Beverage'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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Wildpack Beverage Long-Term Capital Lease Obligation Chart

Wildpack Beverage Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

13.37

11.10

8.33

Wildpack Beverage Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										11.10	10.60	8.51	9.44	8.33

Wildpack Beverage (TSXV:CANS) 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.

Wildpack Beverage Long-Term Capital Lease Obligation Related Terms

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Wildpack Beverage (TSXV:CANS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Wildpack Beverage Inc (TSXV:CANS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

WLDPF:USA

Address

550 Burrard Street, Suite 2900, Vancouver, BC, CAN, V6C 0A3

Website

https://www.wildpackbev.com

Wildpack Beverage Inc is engaged in the Beverage Packaging and Production Industry. Its business activities include filling and decorating aluminum cans, along with brokering packaging materials and printing labels and sleeves for the United States beverage market. The Company has four reportable segments, being can, filling, decorating, brokering, and corporate It earns revenue from the sale of aluminum cans, decorated packaging materials, and the provision of beverage filling services to its customers.

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