Nextleaf Solutions (XCNQ:OILS) Long-Term Capital Lease Obligation : C$0.29 Mil (As of Dec. 2024)

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What is Nextleaf Solutions Long-Term Capital Lease Obligation?

Nextleaf Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$0.29 Mil.

Nextleaf Solutions's quarterly Long-Term Capital Lease Obligation declined from Jun. 2024 (C$0.33 Mil) to Sep. 2024 (C$0.31 Mil) and declined from Sep. 2024 (C$0.31 Mil) to Dec. 2024 (C$0.29 Mil).

Nextleaf Solutions's annual Long-Term Capital Lease Obligation increased from Sep. 2022 (C$0.28 Mil) to Sep. 2023 (C$0.39 Mil) but then declined from Sep. 2023 (C$0.39 Mil) to Sep. 2024 (C$0.31 Mil).

Nextleaf Solutions Long-Term Capital Lease Obligation Historical Data

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

Nextleaf Solutions Annual Data

Trend

Mar17

Mar18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Long-Term Capital Lease Obligation

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0.35

0.32

0.28

0.39

0.31

Nextleaf Solutions Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.37	0.35	0.33	0.31	0.29

Nextleaf Solutions (XCNQ:OILS) 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.

Nextleaf Solutions Long-Term Capital Lease Obligation Related Terms

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Nextleaf Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Nextleaf Solutions Ltd (XCNQ:OILS) » Definitions » Long-Term Capital Lease Obligation

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OILFF:USA

Address

68 Schooner Street, Suite 3, Coquitlam, BC, CAN, V3B 7B1

Website

https://www.nextleafsolutions.com

Nextleaf Solutions Ltd is is a Canadian cannabis extractor and processor, with a focus on developing intellectual property for the extraction, distillation formulation, and delivery of cannabinoids. The Company has a single reportable segment being the provision of goods and services to the cannabis industry in Canada. All the Company's revenues are generated in Canada. Revenue from sale of goods and services includes sales of bulk distillate, branded (Glacial Gold) vape pens, oils, and softgels (branded extract products), and private label which includes toll processing and other services. Majority being from Branded extract products.

Executives

Emma Jane Andrews	Senior Officer
Erik Paul Pedersen	Director, Senior Officer
Charles Joudrey Ackerman	Senior Officer
Ryan Delmoral Ko	Senior Officer

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