Affinor Growers (XCNQ:AFI) Long-Term Capital Lease Obligation : C$0.59 Mil (As of Feb. 2024)

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What is Affinor Growers Long-Term Capital Lease Obligation?

Affinor Growers's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.59 Mil.

Affinor Growers's quarterly Long-Term Capital Lease Obligation stayed the same from Aug. 2023 (C$0.59 Mil) to Nov. 2023 (C$0.59 Mil) and stayed the same from Nov. 2023 (C$0.59 Mil) to Feb. 2024 (C$0.59 Mil).

Affinor Growers's annual Long-Term Capital Lease Obligation increased from May. 2021 (C$0.00 Mil) to May. 2022 (C$0.59 Mil) and increased from May. 2022 (C$0.59 Mil) to May. 2023 (C$0.59 Mil).

Affinor Growers Long-Term Capital Lease Obligation Historical Data

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

Affinor Growers Annual Data

Trend

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Long-Term Capital Lease Obligation

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0.59

Affinor Growers Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.59	0.59	0.59	0.59	0.59

Affinor Growers (XCNQ:AFI) 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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Affinor Growers (XCNQ:AFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Affinor Growers Inc (XCNQ:AFI) » Definitions » Long-Term Capital Lease Obligation

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RSSFF:USA 1AF0:Germany

Address

250-750 West Pender Street, Vancouver, BC, CAN, V6C 2T7

Website

https://www.affinorgrowers.com

Affinor Growers Inc is a farming technology company engaged in acquiring, patenting, and commercializing various agriculture technologies and vertical farming technology for the indoor controlled environment and outdoor greenhouse agriculture industry in North America. It produces strawberries and other crops, such as romaine lettuce and herbs using vertical farming technology. The company principally operates in North America. The Company's revenue model includes entering into licensing agreements that provide licensing revenue as well as earnings on sales of its equipment and sale of produce from its production facilities.

Executives

Karim Mohamedani

10% Security Holder

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