PeakBirch Commerce (XCNQ:PKB) Long-Term Capital Lease Obligation : C$0.03 Mil (As of Jul. 2022)

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What is PeakBirch Commerce Long-Term Capital Lease Obligation?

PeakBirch Commerce's Long-Term Capital Lease Obligation for the quarter that ended in Jul. 2022 was C$0.03 Mil.

PeakBirch Commerce's quarterly Long-Term Capital Lease Obligation declined from Jan. 2022 (C$0.05 Mil) to Apr. 2022 (C$0.04 Mil) and declined from Apr. 2022 (C$0.04 Mil) to Jul. 2022 (C$0.03 Mil).

PeakBirch Commerce's annual Long-Term Capital Lease Obligation stayed the same from . 20 (C$0.00 Mil) to Oct. 2020 (C$0.00 Mil) but then increased from Oct. 2020 (C$0.00 Mil) to Oct. 2021 (C$0.06 Mil).

PeakBirch Commerce Long-Term Capital Lease Obligation Historical Data

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

PeakBirch Commerce Annual Data

Trend

Oct20

Oct21

Long-Term Capital Lease Obligation

0.06

PeakBirch Commerce Quarterly Data
	Aug19	Aug20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	0.06	0.05	0.04	0.03

PeakBirch Commerce (XCNQ:PKB) 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.

PeakBirch Commerce Long-Term Capital Lease Obligation Related Terms

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PeakBirch Commerce (XCNQ:PKB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » PeakBirch Commerce Inc (XCNQ:PKB) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

400, 837 West Hastings Street, Vancouver, BC, CAN, V6C 3N6

Website

https://www.peakbirch.com

PeakBirch Commerce Inc is engaged in the distribution of vaporizers and accessories for aromatherapy and other purposes. Its geographical segments include United States, Canada, and United Kingdom .