Winc (WBEVQ) Long-Term Capital Lease Obligation : $2.97 Mil (As of Sep. 2022)

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What is Winc Long-Term Capital Lease Obligation?

Winc's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was $2.97 Mil.

Winc's quarterly Long-Term Capital Lease Obligation declined from Mar. 2022 ($3.49 Mil) to Jun. 2022 ($3.20 Mil) and declined from Jun. 2022 ($3.20 Mil) to Sep. 2022 ($2.97 Mil).

Winc Long-Term Capital Lease Obligation Historical Data

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

Winc Annual Data

Trend

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

Winc Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						-	-	3.49	3.20	2.97

Winc (OTCPK:WBEVQ) 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.

Winc Long-Term Capital Lease Obligation Related Terms

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Winc (WBEVQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Winc Inc (OTCPK:WBEVQ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1751 Berkeley Street, Studio 3, Santa Monica, CA, USA, 90404

Website

https://www.winc.com

Winc Inc is a wine company in the United States. It has a direct-to-consumer model, which involves the company bottling, labeling, and distributing wine under its own winery license. It also features wines at select retailers and restaurants nationwide. It sources from vineyards and works with winemakers and ships all wine, domestic and international, in bulk containers to a centralized winemaking and bottling facility on California's Central Coast.

Executives

Deer Vii & Co. L.p.	10 percent owner	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVE, LARCHMONT NY 10538
Wahoowa Ventures Llc	10 percent owner	1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Alesia Lee Pinney	director	AVALARA, INC., 255 SOUTH KING ST., SUITE 1800, SEATTLE WA 98104
Goblue Ventures Llc	10 percent owner	1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Brian Patrick Smith	director, 10 percent owner, officer: President	C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Carol Brault	officer: Chief Financial Officer	C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Erin K Green	officer: Chief Operating Officer	C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Xiangwei Weng	director	C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Laura Joukovski	director	C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Thelen Matthew Jonathan Alan	officer: See Remarks	C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Geoffrey Mcfarlane	director, 10 percent owner, officer: Chief Executive Officer	C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
15 Angels Ii Llc	10 percent owner	1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Patrick M Delong	director	1222 ARROYO SARCO, NAPA CA 94558
Deer Viii & Co. Ltd.	10 percent owner	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, LARCHMONT NY 10538
Deer Viii & Co. L.p.	10 percent owner	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, LARCHMONT NY 10538