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J&J Snack Foods Corp (NAS:JJSF)
Long-Term Capital Lease Obligation
$1.3 Mil (As of Jun. 2015)

J&J Snack Foods Corp's long-term capital lease obligation for the quarter that ended in Jun. 2015 was $1.3 Mil.

J&J Snack Foods Corp's quarterly long-term capital lease obligation increased from Dec. 2014 ($0.3 Mil) to Mar. 2015 ($1.3 Mil) but then declined from Mar. 2015 ($1.3 Mil) to Jun. 2015 ($1.3 Mil).

J&J Snack Foods Corp's annual long-term capital lease obligation declined from Sep. 2012 ($0.3 Mil) to Sep. 2013 ($0.1 Mil) but then increased from Sep. 2013 ($0.1 Mil) to Sep. 2014 ($0.4 Mil).


Capital lease obligations 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 current portion of a capital lease obligation is the portion of a long-term capital lease 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.

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

J&J Snack Foods Corp Annual Data


J&J Snack Foods Corp Quarterly Data

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