Glass House Brands (NEOE:GLAS.A.U) Long-Term Capital Lease Obligation : $9.0 Mil (As of Mar. 2024)

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What is Glass House Brands Long-Term Capital Lease Obligation?

Glass House Brands's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $9.0 Mil.

Glass House Brands's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($9.5 Mil) to Dec. 2023 ($9.2 Mil) and declined from Dec. 2023 ($9.2 Mil) to Mar. 2024 ($9.0 Mil).

Glass House Brands's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($2.9 Mil) to Dec. 2022 ($10.1 Mil) but then declined from Dec. 2022 ($10.1 Mil) to Dec. 2023 ($9.2 Mil).

Glass House Brands Long-Term Capital Lease Obligation Historical Data

The historical data trend for Glass House 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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Glass House Brands Long-Term Capital Lease Obligation Chart

Glass House Brands Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

2.32

2.87

10.07

9.22

Glass House Brands Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												9.76	10.86	9.50	9.22	9.04

Glass House Brands (NEOE:GLAS.A.U) 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.

Glass House Brands Long-Term Capital Lease Obligation Related Terms

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Glass House Brands (NEOE:GLAS.A.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Glass House Brands Inc (NEOE:GLAS.A.U) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GLASF:USA 4KF0:Germany

Address

3645 Long Beach Boulevard, Long Beach, CA, USA, 90807

Website

https://www.glasshousegroup.com

Glass House Brands Inc is a vertically integrated cannabis and hemp company with a focus on the California market. Its portfolio of brands includes Glass House Farms, Forbidden Flowers, and Mama Sue Wellness.

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