Armanino Foods of Distinction (Armanino Foods of Distinction) Long-Term Capital Lease Obligation : $1.63 Mil (As of Sep. 2023)

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What is Armanino Foods of Distinction Long-Term Capital Lease Obligation?

Armanino Foods of Distinction's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.63 Mil.

Armanino Foods of Distinction's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 ($2.40 Mil) to Sep. 2022 ($2.25 Mil) and declined from Sep. 2022 ($2.25 Mil) to Sep. 2023 ($1.63 Mil).

Armanino Foods of Distinction's annual Long-Term Capital Lease Obligation declined from Dec. 2019 ($0.35 Mil) to Dec. 2020 ($0.00 Mil) but then increased from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($2.22 Mil).

Armanino Foods of Distinction Long-Term Capital Lease Obligation Historical Data

The historical data trend for Armanino Foods of Distinction'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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Armanino Foods of Distinction Long-Term Capital Lease Obligation Chart

Armanino Foods of Distinction Annual Data

Trend

Dec12

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Dec21

Long-Term Capital Lease Obligation

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0.35

2.22

Armanino Foods of Distinction Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.22	2.68	2.40	2.25	1.63

Armanino Foods of Distinction (OTCPK:AMNF) 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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Armanino Foods of Distinction (Armanino Foods of Distinction) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Armanino Foods of Distinction Inc (OTCPK:AMNF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

5976 W Las Positas Blvd, Suite 200, Pleasanton, CA, USA, 94588

Website

https://www.armaninofoods.com

Armanino Foods of Distinction Inc is engaged in the production and marketing of upscale food products, including primarily frozen pesto sauces, frozen pasta products, cooked and frozen meat, and poultry products. Its products are marketed through a network of food brokers and sold to retail, foodservice, club-type stores, and industrial accounts.

Executives

Douglas R Nichols	director	C/O RAILAMERICA INC, 5300 BROKEN SOUND BLVD NW, BOACA RATON FL 33487
Patricia A Fehling	director	426 NORTH CHURCH STREET, LODI CA 95240
William J Armanino	director, 10 percent owner, officer: President, CEO & Chairman	30588 SAN ANTONIO STREET, HAYWARD CA 94544

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