Decibel Cannabis Co (TSXV:DB) Long-Term Capital Lease Obligation : C$5.06 Mil (As of Jun. 2024)

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What is Decibel Cannabis Co Long-Term Capital Lease Obligation?

Decibel Cannabis Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$5.06 Mil.

Decibel Cannabis Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$4.54 Mil) to Mar. 2024 (C$5.45 Mil) but then declined from Mar. 2024 (C$5.45 Mil) to Jun. 2024 (C$5.06 Mil).

Decibel Cannabis Co's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (C$3.90 Mil) to Dec. 2021 (C$3.69 Mil) but then increased from Dec. 2021 (C$3.69 Mil) to Dec. 2022 (C$3.79 Mil).

Decibel Cannabis Co Long-Term Capital Lease Obligation Historical Data

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

Decibel Cannabis Co Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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5.41

3.90

3.69

3.79

Decibel Cannabis Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.99	4.79	4.54	5.45	5.06

Decibel Cannabis Co (TSXV:DB) 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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Decibel Cannabis Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Decibel Cannabis Co Inc (TSXV:DB) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

DBCCF:USA

Address

140 - 4th Avenue SW, Suite 1440, Calgary, AB, CAN, T2P 3N3

Website

https://www.decibelcc.com

Decibel Cannabis Co Inc is engaged in the cannabis operations business. It is involved in the production, distribution, and sale of recreational cannabis. All the revenues are generated in Canada. The company's revenue is comprised of wholesale sales of both products and services through its production facilities to distributors and licensed cannabis producers as well as the direct sale of products through its retail locations to end customers.

Executives

Cody Church

Director