Braxia Scientific (XCNQ:BRAX) Long-Term Capital Lease Obligation : C$0.44 Mil (As of Dec. 2023)

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What is Braxia Scientific Long-Term Capital Lease Obligation?

Braxia Scientific's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.44 Mil.

Braxia Scientific's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (C$0.07 Mil) to Sep. 2023 (C$0.46 Mil) but then declined from Sep. 2023 (C$0.46 Mil) to Dec. 2023 (C$0.44 Mil).

Braxia Scientific's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (C$0.00 Mil) to Mar. 2022 (C$0.08 Mil) but then declined from Mar. 2022 (C$0.08 Mil) to Mar. 2023 (C$0.08 Mil).

Braxia Scientific Long-Term Capital Lease Obligation Historical Data

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

Braxia Scientific Annual Data

Trend

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

0.08

Braxia Scientific Quarterly Data
	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												0.08	0.08	0.07	0.46	0.44

Braxia Scientific (XCNQ:BRAX) 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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Braxia Scientific Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Braxia Scientific Corp (XCNQ:BRAX) » Definitions » Long-Term Capital Lease Obligation

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BRAXF:USA 4960:Germany

Address

700 Bay Street, Suite 1903, Toronto, ON, CAN, M5G 1Z6

Website

https://www.braxiascientific.com

Braxia Scientific Corp is a research-driven medical solutions company that aims to reduce the illness burden of brain-based mental disorders such as depressive disorder among others. It is primarily focused on owning and operating multidisciplinary clinics, providing treatment for mental health disorders, and research activities related to discovering and commercializing novel drugs and delivery methods. The company develops ketamine and psilocybin derivatives and other psychedelic products from its IP development platform.

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