Sunniva (XCNQ:SNN) Long-Term Capital Lease Obligation : C$17.30 Mil (As of Sep. 2019)

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What is Sunniva Long-Term Capital Lease Obligation?

Sunniva's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2019 was C$17.30 Mil.

Sunniva's quarterly Long-Term Capital Lease Obligation increased from Mar. 2019 (C$15.43 Mil) to Jun. 2019 (C$16.24 Mil) and increased from Jun. 2019 (C$16.24 Mil) to Sep. 2019 (C$17.30 Mil).

Sunniva's annual Long-Term Capital Lease Obligation increased from Dec. 2016 (C$0.00 Mil) to Dec. 2017 (C$11.12 Mil) and increased from Dec. 2017 (C$11.12 Mil) to Dec. 2018 (C$11.88 Mil).

Sunniva Long-Term Capital Lease Obligation Historical Data

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

Sunniva Annual Data

Trend

Dec16

Dec17

Dec18

Long-Term Capital Lease Obligation

11.12

11.88

Sunniva Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								11.27	11.88	15.43	16.24	17.30

Sunniva (XCNQ:SNN) 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.

Sunniva Long-Term Capital Lease Obligation Related Terms

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Sunniva Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Sunniva Inc (XCNQ:SNN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

200 Burrard Street, 1200 Waterfront Centre, P.O Box 48600, Vancouver, BC, CAN, V7X 1T2

Website

https://www.sunniva.com

Sunniva Inc is vertically integrated medical cannabis company committed to delivering safe, low-cost, high-quality products and services at scale. The company is focused on the cultivation, production and distribution of therapeutic solutions targeting two of the medical cannabis markets in the world: Canada and California.

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