Jubilant Flame International (Jubilant Flame International) Long-Term Capital Lease Obligation : $0.00 Mil (As of Nov. 2023)

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What is Jubilant Flame International Long-Term Capital Lease Obligation?

Jubilant Flame International's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil.

Jubilant Flame International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jubilant Flame International'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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Jubilant Flame International Long-Term Capital Lease Obligation Chart

Jubilant Flame International Annual Data

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Long-Term Capital Lease Obligation

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Jubilant Flame International Quarterly Data
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Jubilant Flame International (OTCPK:JFIL) 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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Jubilant Flame International (Jubilant Flame International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Jubilant Flame International Ltd (OTCPK:JFIL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xin Long Road, Room 508, T1N Vi Park, 360, Shanghai, CHN, 201101

Website

https://www.acropass-shop.com

Jubilant Flame International Ltd is engaged in providing technical support services for the development of new nutrition materials and products to customers. The technical support focuses on a nutrition food series that is selling in the USA market. Currently, the nutrition food series include SEA-BUCKTHORN and Organic Sprouting Powder.

Executives

Brian Kai-ming Cheng	director	16 TEMPEST DR., CHESTERFIELD MO 63017
Marinos Papazoglou	director	2740 LAKE VALLEY DRIVE, COOKEVILLE TN 38506
Robert Ireland	director, officer: Secretary/Treasurer	2 CHEMIN HALVERSON, LAC DES LOUPS A8 J0X3K0
Li Yan	director, 10 percent owner, officer: CEO	NO. 261, BLOCK 555, HONGQIAO ROAD, SHANGHAI F4 201103
Lei Wang	director, officer: CFO	28010 MICHENER FALLS LN, KATY TX 77494
Kecheng Xu	director, officer: Secretary/Treasurer	ROOM 1402, NO. 3 BUILDING, BLOCK 69, SONGYUAN ROAD, SHANGHAI F4 200012

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