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Mercanto Holdings (TSXV:MUSH) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jan. 2025)


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What is Mercanto Holdings Long-Term Capital Lease Obligation?

Mercanto Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2025 was C$0.00 Mil.

Mercanto Holdings's annual Long-Term Capital Lease Obligation declined from Jul. 2022 (C$0.12 Mil) to Jul. 2023 (C$0.02 Mil) and declined from Jul. 2023 (C$0.02 Mil) to Jul. 2024 (C$0.00 Mil).


Mercanto Holdings Long-Term Capital Lease Obligation Historical Data

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

Mercanto Holdings Annual Data
Trend Jul21 Jul22 Jul23 Jul24
Long-Term Capital Lease Obligation
0.17 0.12 0.02 -

Mercanto Holdings Quarterly Data
Mar20 Mar21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 - - - -

Mercanto Holdings  (TSXV:MUSH) 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.

Mercanto Holdings Long-Term Capital Lease Obligation Related Terms

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Mercanto Holdings Business Description

Traded in Other Exchanges
N/A
Address
324 Marie-Curie, Vaudreuil, QC, CAN, J7V 5V5
Mercanto Holdings Inc operates a portfolio of brands that include traditional cannabis and beverage products. The company exists to promote the use of mushrooms through its brands; The company offers quality products that promote health, recreation, and well-being. The portfolio of the company includes different cannabis products, probiotic, functional mushroom beverages, and others.
Executives
Eric Ronsse Director, Director or Senior Officer of 10% Security Holder, Senior Officer
Claude Dufresne Director
Stephanus Rossouw 10% Security Holder, Director
Scott Jardin Senior Officer

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