XTXXF (Adastra Holdings) Long-Term Capital Lease Obligation : $0.05 Mil (As of Sep. 2024)

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What is Adastra Holdings Long-Term Capital Lease Obligation?

Adastra Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.05 Mil.

Adastra Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 ($0.07 Mil) to Mar. 2024 ($0.06 Mil) and declined from Mar. 2024 ($0.06 Mil) to Sep. 2024 ($0.05 Mil).

Adastra Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.02 Mil) to Dec. 2022 ($0.03 Mil) and increased from Dec. 2022 ($0.03 Mil) to Dec. 2023 ($0.07 Mil).

Adastra Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Adastra Holdings'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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Adastra Holdings Long-Term Capital Lease Obligation Chart

Adastra Holdings Annual Data

Trend

Apr19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.02

0.03

0.07

Adastra Holdings Quarterly Data
	Oct18	Oct19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.03	0.07	0.07	0.06	0.05

Adastra Holdings (OTCPK:XTXXF) 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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Adastra Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Adastra Holdings Ltd (OTCPK:XTXXF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

D2E0:Germany XTRX:Canada

Address

275th Street, Suite 5451, Langley, BC, CAN, V4W 3X8

Website

https://www.adastraholdings.ca

Adastra Holdings Ltd is an extraction and processing solutions company. It aims to develop and deploy large-scale cannabis and hemp extraction technologies and provide turnkey processing solutions to help licensed standard and micro-cultivators maximize the value of every harvest. The company has two operating segments comprised of manufacturing and non-manufacturing operations. The manufacturing operations include the manufacturing, sale, and distribution of cannabis-related products, and the non-manufacturing operations include PerceiveMD.