The Planting Hope Co (The Planting Hope Co) Long-Term Capital Lease Obligation : $0.28 Mil (As of Sep. 2023)

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What is The Planting Hope Co Long-Term Capital Lease Obligation?

The Planting Hope Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.28 Mil.

The Planting Hope Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($0.37 Mil) to Jun. 2023 ($0.00 Mil) but then increased from Jun. 2023 ($0.00 Mil) to Sep. 2023 ($0.28 Mil).

The Planting Hope Co's annual Long-Term Capital Lease Obligation increased from . 20 ($0.00 Mil) to Dec. 2021 ($0.48 Mil) but then declined from Dec. 2021 ($0.48 Mil) to Dec. 2022 ($0.37 Mil).

The Planting Hope Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for The Planting Hope 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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The Planting Hope Co Long-Term Capital Lease Obligation Chart

The Planting Hope Co Annual Data

Trend

Dec21

Dec22

Long-Term Capital Lease Obligation

0.48

0.37

The Planting Hope Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					0.43	0.40	0.37	-	0.28

The Planting Hope Co (OTCPK:MYLKF) 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.

The Planting Hope Co Long-Term Capital Lease Obligation Related Terms

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The Planting Hope Co (The Planting Hope Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Planting Hope Co Inc (OTCPK:MYLKF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

J94:Germany MYLK:Canada

Address

725 Granville Street, Suite 400, Vancouver, BC, CAN, V7Y 1G5

Website

https://www.plantinghopecompany.com

The Planting Hope Co Inc develops, launches, and scales plant-based, nutritious, and planet-friendly food and beverage brands across the United States and Canada. The company's products fill key unmet needs in the skyrocketing plant-based food and beverage space. It focuses on nutrition, sustainability, and diversity, with an ongoing mission. Its brands include Hope and Sesame sesame milk, a sustainable dairy alternative that is nutritionally comparable to dairy milk; Mozaics real veggie chips, a popped alternative to fried potato chips featuring visible peas and beans as principal ingredients; Veggicopia single-serving plant-based dips cups and snack olives that have extended shelf-life, require no refrigeration and lowers the carbon footprint.