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LXRandCo (TSX:LXR) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jun. 2023)


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What is LXRandCo Long-Term Capital Lease Obligation?

LXRandCo's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$0.00 Mil.


LXRandCo Long-Term Capital Lease Obligation Historical Data

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

LXRandCo Annual Data
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LXRandCo Quarterly Data
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LXRandCo  (TSX:LXR) 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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LXRandCo (TSX:LXR) Business Description

Industry
Traded in Other Exchanges
N/A
Address
7399 Boulevard, Saint-Laurent, Montreal, QC, CAN, H2R 2W5
LXRandCo Inc is a socially responsible, digital-first omnichannel retailer of authenticated pre-owned luxury handbags and personal accessories. It provides consumers with authenticated branded luxury products by promoting their reuse and by providing an environmentally responsible way for consumers to purchase luxury products. The operating segment includes sales from two primary distribution channels: the Company's e-commerce activities, which comprise its website and partner websites, and retail channels, which include its own stores and wholesale partner retail stores.

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