SOL Global Investments (XCNQ:SOL) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Aug. 2024)

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What is SOL Global Investments Long-Term Capital Lease Obligation?

SOL Global Investments's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2024 was C$0.00 Mil.

SOL Global Investments Long-Term Capital Lease Obligation Historical Data

The historical data trend for SOL Global Investments'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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SOL Global Investments Long-Term Capital Lease Obligation Chart

SOL Global Investments Annual Data

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Long-Term Capital Lease Obligation

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SOL Global Investments Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

SOL Global Investments (XCNQ:SOL) 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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SOL Global Investments Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » SOL Global Investments Corp (XCNQ:SOL) » Definitions » Long-Term Capital Lease Obligation

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SOLCF:USA 9SB:Germany

Address

100 King Street West, Suite 5600, Toronto, ON, CAN, M5X 1C9

Website

https://www.solglobal.com

SOL Global Investments Corp is a cannabis company with a focus on legal U.S. states. Its strategic investments and partnerships across cultivation, distribution and retail complement the company's R&D program with the University of Miami. It is also involved in Retail, Agriculture, Quick Service Restaurants & Hospitality, Media Technology & Gaming, Energy and New Age Wellness.

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