Universal Ibogaine (TSXV:IBO) Long-Term Capital Lease Obligation : C$0.08 Mil (As of Jan. 2024)

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What is Universal Ibogaine Long-Term Capital Lease Obligation?

Universal Ibogaine's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.08 Mil.

Universal Ibogaine's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (C$0.02 Mil) to Oct. 2023 (C$0.08 Mil) but then declined from Oct. 2023 (C$0.08 Mil) to Jan. 2024 (C$0.08 Mil).

Universal Ibogaine's annual Long-Term Capital Lease Obligation stayed the same from Mar. 2021 (C$0.00 Mil) to Jul. 2022 (C$0.00 Mil) but then increased from Jul. 2022 (C$0.00 Mil) to Jul. 2023 (C$0.02 Mil).

Universal Ibogaine Long-Term Capital Lease Obligation Historical Data

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

Universal Ibogaine Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Jul22

Jul23

Long-Term Capital Lease Obligation

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0.02

Universal Ibogaine Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.03	0.03	0.02	0.08	0.08

Universal Ibogaine (TSXV:IBO) 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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Universal Ibogaine (TSXV:IBO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Universal Ibogaine Inc (TSXV:IBO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

IBOGF:USA JC4:Germany

Address

400 3rd Avenue South west, Suite 1470, Calgary, AB, CAN, T2P 4H2

Website

https://www.universalibogaine.com

Universal Ibogaine Inc develops a platform of addiction treatment clinics, which use ibogaine as a primary modality for the interruption and ideally cessation of addictions to primarily opioids such as oxycodone, heroin, fentanyl, as well as alcohol, cocaine, and other stimulants. It runs addiction clinics it has a research partner clinic in Mexico.

Executives

Ian Rabb

Senior Officer

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