Galexxy Holdings (Galexxy Holdings) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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What is Galexxy Holdings Long-Term Capital Lease Obligation?

Galexxy Holdings's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.

Galexxy Holdings Long-Term Capital Lease Obligation Historical Data

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

Galexxy Holdings Annual Data

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Long-Term Capital Lease Obligation

Galexxy Holdings Quarterly Data

Long-Term Capital Lease Obligation

Galexxy Holdings (OTCPK:GXXY) 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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Galexxy Holdings (Galexxy Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Galexxy Holdings Inc (OTCPK:GXXY) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

4630 Campus Drive, Suite 104, Newport Beach, CA, USA, 92660

Website

https://www.galexxy.com

Galexxy Holdings Inc is a CBD manufacturing and online marketing company specializing in the development of high-quality CBD and Functional Mushroom products business marketing to wholesale distributors and directly to the consumer online and through strategically placed smart vending kiosks. it offers cannabinoids through a product range comprising tinctures, gummies, capsules, CBD OIL, CBD GEL CAPS, CBD TOPICALS, and CBD FRO PETS.