Humble & Fume (XCNQ:HMBL) Long-Term Capital Lease Obligation : C$2.66 Mil (As of Jun. 2023)

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What is Humble & Fume Long-Term Capital Lease Obligation?

Humble & Fume's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$2.66 Mil.

Humble & Fume's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (C$2.88 Mil) to Mar. 2023 (C$2.80 Mil) and declined from Mar. 2023 (C$2.80 Mil) to Jun. 2023 (C$2.66 Mil).

Humble & Fume's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (C$1.47 Mil) to Jun. 2022 (C$1.75 Mil) and increased from Jun. 2022 (C$1.75 Mil) to Jun. 2023 (C$2.66 Mil).

Humble & Fume Long-Term Capital Lease Obligation Historical Data

The historical data trend for Humble & Fume'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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Humble & Fume Long-Term Capital Lease Obligation Chart

Humble & Fume Annual Data

Trend

Jul19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

2.14

1.47

1.75

2.66

Humble & Fume Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										0.92	1.75	2.88	2.80	2.66

Humble & Fume (XCNQ:HMBL) 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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Humble & Fume (XCNQ:HMBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Humble & Fume Inc (XCNQ:HMBL) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

HUMBF:USA

Address

1 Eva Road, Suite 416, Etobicoke, ON, CAN, M9C 4Z5

Website

https://www.humbleandfume.com

Humble & Fume Inc is a cannabis distribution solution providing customer-centric services and accessories. It is a fully integrated cannabis distribution solution for retailers, Canadian licensed cannabis producers, American multi-state operators, and cannabis customers. Its products include Amethyst Crystal Pipe, Invincipole Replacement Screens, Replacement Bowl Screens, Invincipole Aluminum & Steel Downstem, MouthPeace Filter Refill Display, MouthPeace Full Kit Display, Unbleached Pure Wood Cones, Blend Unbleached Pure Hemp & Flax Cones among others. The firm operates in the segment in two geographical locations: Canada and the USA of which it generates substantial revenue from the USA.

Executives