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Hempacco Co (Hempacco Co) Long-Term Capital Lease Obligation : $0.17 Mil (As of Sep. 2023)


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What is Hempacco Co Long-Term Capital Lease Obligation?

Hempacco Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.17 Mil.

Hempacco Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($0.23 Mil) to Jun. 2023 ($0.20 Mil) and declined from Jun. 2023 ($0.20 Mil) to Sep. 2023 ($0.17 Mil).

Hempacco Co's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($0.46 Mil) to Dec. 2021 ($0.37 Mil) and declined from Dec. 2021 ($0.37 Mil) to Dec. 2022 ($0.26 Mil).

Hempacco Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hempacco Co'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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Hempacco Co Long-Term Capital Lease Obligation Chart

Hempacco Co Annual Data
Trend Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation
0.46 0.37 0.26

Hempacco Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.29 0.26 0.23 0.20 0.17

Hempacco Co  (NAS:HPCO) 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.

Hempacco Co Long-Term Capital Lease Obligation Related Terms

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Hempacco Co (Hempacco Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Hempacco Co Inc (NAS:HPCO) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
9925 Airway Road, San Diego, CA, USA, 92154
Website
https://hempaccoinc.com
Hempacco Co Inc is engaged in manufacturing and selling nicotine-free and tobacco-free alternatives to traditional cigarettes. It utilizes a proprietary, patented spraying technology for terpene infusion and patent-pending flavored filter infusion technology to manufacture hemp and herb-based smokable alternatives. The company's operating segments include private label manufacturing and sales, intellectual property licensing, and the development and sales of inhouse brands using patented counter displays.
Executives
Stuart W Titus director 2015 S. TUTTLE AVE A, SARASOTA FL 34239
Sandro Piancone director, 10 percent owner, officer: CEO & President 826 SCENIC TERRANCE PLACE, CHULA VISTA CA 92154
Neville Pearson officer: Chief Financial Officer 9925 AIRWAY ROAD, SAN DIEGO CA 92154
Miki Stephens director 9925 AIRWAY ROAD, SAN DIEGO CA 92154
Jerry Halamuda director 9925 AIRWAY ROAD, SAN DIEGO CA 92154