WestBond Enterprises (TSXV:WBE) Long-Term Capital Lease Obligation : C$1.59 Mil (As of Dec. 2023)

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What is WestBond Enterprises Long-Term Capital Lease Obligation?

WestBond Enterprises's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.59 Mil.

WestBond Enterprises's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$1.73 Mil) to Sep. 2023 (C$1.66 Mil) and declined from Sep. 2023 (C$1.66 Mil) to Dec. 2023 (C$1.59 Mil).

WestBond Enterprises's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (C$2.30 Mil) to Mar. 2022 (C$2.06 Mil) and declined from Mar. 2022 (C$2.06 Mil) to Mar. 2023 (C$1.79 Mil).

WestBond Enterprises Long-Term Capital Lease Obligation Historical Data

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

WestBond Enterprises Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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2.72

2.51

2.30

2.06

1.79

WestBond Enterprises Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.86	1.79	1.73	1.66	1.59

WestBond Enterprises (TSXV:WBE) 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.

WestBond Enterprises Long-Term Capital Lease Obligation Related Terms

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WestBond Enterprises (TSXV:WBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » WestBond Enterprises Corp (TSXV:WBE) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

WBNEF:USA

Address

7403 Progress Way, Unit 101, Delta, BC, CAN, V4G 1E7

Website

https://www.westbond.ca

WestBond Enterprises Corp is mainly engaged in manufacturing and selling disposable paper products for medical, hygienic, and industrial uses. The company operates in a single segment of Disposable Paper Products. Its products are categorized under Personal hygiene, Clinical, Long-term care, Non-clinical air-laid, and Other products. The company's product pipeline includes examination table paper, dental bibs, sheets, pillowcases, gowns, aprons, Jumbo Roll Bathroom Tissue, Conventional Bathroom Tissue, Towels such as Center Pull, Kraft Roll, and Single Fold, Roll Air Laid Wipes, among others.

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