YourWay Cannabis Brands (YourWay Cannabis Brands) Long-Term Capital Lease Obligation : $4.28 Mil (As of Sep. 2021)

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What is YourWay Cannabis Brands Long-Term Capital Lease Obligation?

YourWay Cannabis Brands's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2021 was $4.28 Mil.

YourWay Cannabis Brands's quarterly Long-Term Capital Lease Obligation declined from Mar. 2021 ($2.98 Mil) to Jun. 2021 ($2.94 Mil) but then increased from Jun. 2021 ($2.94 Mil) to Sep. 2021 ($4.28 Mil).

YourWay Cannabis Brands's annual Long-Term Capital Lease Obligation increased from . 20 ($0.00 Mil) to Dec. 2019 ($3.46 Mil) but then declined from Dec. 2019 ($3.46 Mil) to Dec. 2020 ($3.13 Mil).

YourWay Cannabis Brands Long-Term Capital Lease Obligation Historical Data

The historical data trend for YourWay Cannabis Brands'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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YourWay Cannabis Brands Long-Term Capital Lease Obligation Chart

YourWay Cannabis Brands Annual Data

Trend

Dec19

Dec20

Long-Term Capital Lease Obligation

3.46

3.13

YourWay Cannabis Brands Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				3.29	3.13	2.98	2.94	4.28

YourWay Cannabis Brands (OTCPK:YOURF) 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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YourWay Cannabis Brands (YourWay Cannabis Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » YourWay Cannabis Brands Inc (OTCPK:YOURF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

885 W Georgia Street, Suite 2200, Vancouver, BC, CAN, V6C 3E8

Website

https://www.hollistercannabisco.com

YourWay Cannabis Brands Inc is a multi-state operator with sales and operations in Arizona and California. Through building own brands, partnering with others, and providing white-labelled product, company is dedicated towards expanding the reach; remolding the cannabis industry and ultimately, redefining the way consumers and cannabis brands interact.