Halo Food Co (ASX:HLF) Long-Term Capital Lease Obligation : A$11.78 Mil (As of Mar. 2023)

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What is Halo Food Co Long-Term Capital Lease Obligation?

Halo Food Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was A$11.78 Mil.

Halo Food Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2022 (A$11.84 Mil) to Sep. 2022 (A$0.00 Mil) but then increased from Sep. 2022 (A$0.00 Mil) to Mar. 2023 (A$11.78 Mil).

Halo Food Co's annual Long-Term Capital Lease Obligation increased from Mar. 2020 (A$8.25 Mil) to Mar. 2021 (A$13.31 Mil) but then declined from Mar. 2021 (A$13.31 Mil) to Mar. 2022 (A$11.84 Mil).

Halo Food Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Halo Food Co'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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Halo Food Co Long-Term Capital Lease Obligation Chart

Halo Food Co Annual Data

Trend

Sep17

Mar19

Mar20

Mar21

Mar22

Long-Term Capital Lease Obligation

8.25

13.31

11.84

Halo Food Co Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					13.31	-	11.84	-	11.78

Halo Food Co (ASX:HLF) 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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Halo Food Co (ASX:HLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Halo Food Co Ltd (ASX:HLF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

26-28 Bond Street, Level 5, Mordialloc, Melbourne, VIC, AUS, 3195

Website

https://www.halofoodco.com

Halo Food Co Ltd is engaged in the manufacturing and exporting of dairy, health, and wellness, and nutritional products, with a particular focus on formulated powdered products, ready-to-drink protein drinks. The Group earns the majority of its revenues from the sales of its proprietary products and contract manufacturing.