VRNOF (Verano Holdings) Long-Term Capital Lease Obligation : $90.8 Mil (As of Sep. 2024)

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What is Verano Holdings Long-Term Capital Lease Obligation?

Verano Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $90.8 Mil.

Verano Holdings's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 ($86.4 Mil) to Jun. 2024 ($86.8 Mil) and increased from Jun. 2024 ($86.8 Mil) to Sep. 2024 ($90.8 Mil).

Verano Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($56.8 Mil) to Dec. 2022 ($76.9 Mil) and increased from Dec. 2022 ($76.9 Mil) to Dec. 2023 ($87.4 Mil).

Verano Holdings Long-Term Capital Lease Obligation Historical Data

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

Verano Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

56.81

76.85

87.40

Verano Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															85.62	87.40	86.37	86.78	90.80

Verano Holdings (OTCPK:VRNOF) 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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Verano Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Verano Holdings Corp (OTCPK:VRNOF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

76U0:Germany VRNO:Canada

Address

214 West Hill Street, Suite 400, Chicago, IL, USA, 60610

Website

https://www.veranogrown.com

Verano Holdings Corp is a vertically integrated multi?state cannabis operator in the United States. The Company has two reportable segments: (i) cultivation (wholesale) and (ii) retail. The company's consumer brands include Encore, Avexia, MÜV, Savvy, BITS and Verano. The company's retail dispensaries operate under brands including Zen Leaf and MÜV. The company derives its revenues from Retail segment.