RYAH Group (XCNQ:RYAH) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Sep. 2022)

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What is RYAH Group Long-Term Capital Lease Obligation?

RYAH Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was C$0.00 Mil.

RYAH Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for RYAH Group'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.
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RYAH Group Long-Term Capital Lease Obligation Chart

RYAH Group Annual Data

Trend

Dec20

Dec21

Long-Term Capital Lease Obligation

RYAH Group Quarterly Data
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RYAH Group (XCNQ:RYAH) 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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RYAH Group (XCNQ:RYAH) Business Description

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

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Address

68 34TH STREET, SUITE B421, BROOKLYN, NY, USA, 11232

Website

https://www.ryahgroup.com

RYAH Group Inc is a data technology company in plant-based medicine. Its Artificial Intelligence platform aggregates and correlates HIPAA-compliant dosing data from seed to consumption. This helps the company to conduct predictive analyses to help doctors, researchers, and end-users create personalized dosing regimens that can accurately foresee patient outcomes. the company also provide other products which are smart inhaler system & smart patch system.

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