KuuHubb (TSXV:KUU.H) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2023)

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What is KuuHubb Long-Term Capital Lease Obligation?

KuuHubb's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was C$0.00 Mil.

KuuHubb Long-Term Capital Lease Obligation Historical Data

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

KuuHubb Annual Data

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Long-Term Capital Lease Obligation

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KuuHubb Quarterly Data
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KuuHubb (TSXV:KUU.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.

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KuuHubb (TSXV:KUU.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » KuuHubb Inc (TSXV:KUU.H) » Definitions » Long-Term Capital Lease Obligation

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Address

390 Bay Street, Suite 700A, Toronto, ON, CAN, M5H 2Y2

Website

https://www.kuuhubb.com

KuuHubb Inc. is a mobile game development and publishing company, targeting the female audience with bespoke mobile experiences. It's Mission is to become a top player in the underserved female mobile game space. Through games and partnerships with select developers and consumer brands, KuuHubb explores new lifestyle trends that can be converted into games and apps that will bring value to the user community and shareholders. Some of its games include RECOLOR, RECOLOR BY NUMBERS, MYHOSPITAL, and DANCING DIARIES.

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