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The Well Told Company (TSXV:WLCO.H) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Sep. 2022)


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What is The Well Told Company Long-Term Capital Lease Obligation?

The Well Told Company's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was C$0.00 Mil.

The Well Told Company's quarterly Long-Term Capital Lease Obligation declined from Mar. 2022 (C$0.01 Mil) to Jun. 2022 (C$0.00 Mil) but then stayed the same from Jun. 2022 (C$0.00 Mil) to Sep. 2022 (C$0.00 Mil).


The Well Told Company Long-Term Capital Lease Obligation Historical Data

The historical data trend for The Well Told Company'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 Well Told Company Long-Term Capital Lease Obligation Chart

The Well Told Company Annual Data
Trend Dec21
Long-Term Capital Lease Obligation
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The Well Told Company Quarterly Data
Sep20 Sep21 Dec21 Mar22 Jun22 Sep22
Long-Term Capital Lease Obligation Get a 7-Day Free Trial - - 0.01 - -

The Well Told Company  (TSXV:WLCO.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 Well Told Company Long-Term Capital Lease Obligation Related Terms

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The Well Told Company (TSXV:WLCO.H) Business Description

Traded in Other Exchanges
N/A
Address
99 Yorkville Avenue, Suite 200, Toronto, ON, CAN, M5R 3K5
The Well Told Company Inc is a plant-based wellness company that formulates, develops, distributes, and sells a variety of supplements, remedies, and other functional wellness products.

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