The Flowr (TSXV:FLWR.H) Long-Term Capital Lease Obligation : C$4.30 Mil (As of Sep. 2022)

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What is The Flowr Long-Term Capital Lease Obligation?

The Flowr's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was C$4.30 Mil.

The Flowr's quarterly Long-Term Capital Lease Obligation declined from Mar. 2022 (C$4.49 Mil) to Jun. 2022 (C$4.38 Mil) and declined from Jun. 2022 (C$4.38 Mil) to Sep. 2022 (C$4.30 Mil).

The Flowr's annual Long-Term Capital Lease Obligation declined from Dec. 2019 (C$7.33 Mil) to Dec. 2020 (C$6.68 Mil) and declined from Dec. 2020 (C$6.68 Mil) to Dec. 2021 (C$5.03 Mil).

The Flowr Long-Term Capital Lease Obligation Historical Data

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

The Flowr Annual Data

Trend

Jun17

Jun18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

7.33

6.68

5.03

The Flowr Quarterly Data
	Sep17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5.42	5.03	4.49	4.38	4.30

The Flowr (TSXV:FLWR.H) 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.

The Flowr Long-Term Capital Lease Obligation Related Terms

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The Flowr (TSXV:FLWR.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » The Flowr Corp (TSXV:FLWR.H) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

9590 McCarthy Road, Kelowna, BC, CAN, V4V 1R2

Website

https://www.flowr.ca

The Flowr Corp is a Toronto-headquartered cannabis company with operations in Canada and Europe. Its Canadian operating campus, located in Kelowna, BC, includes a purpose-built, GMP-designed indoor cultivation facility; an outdoor and greenhouse cultivation site; and a R&D facility that is awaiting licensing from Health Canada. From this campus, Flowr produces recreational and medicinal products. Internationally, it intends to service the global medical cannabis market through its subsidiary Holigen, which has a license for cannabis cultivation in Portugal and operates GMP licensed facilities in Portugal.

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