Maple Leaf Foods (Maple Leaf Foods) Long-Term Capital Lease Obligation : $106 Mil (As of Dec. 2023)

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What is Maple Leaf Foods Long-Term Capital Lease Obligation?

Maple Leaf Foods's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $106 Mil.

Maple Leaf Foods's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($103 Mil) to Sep. 2023 ($102 Mil) but then increased from Sep. 2023 ($102 Mil) to Dec. 2023 ($106 Mil).

Maple Leaf Foods's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($113 Mil) to Dec. 2022 ($106 Mil) and declined from Dec. 2022 ($106 Mil) to Dec. 2023 ($106 Mil).

Maple Leaf Foods Long-Term Capital Lease Obligation Historical Data

The historical data trend for Maple Leaf Foods'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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Maple Leaf Foods Long-Term Capital Lease Obligation Chart

Maple Leaf Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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154.92

125.41

112.81

106.42

106.06

Maple Leaf Foods Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															106.42	102.54	103.14	101.92	106.06

Maple Leaf Foods (OTCPK:MLFNF) 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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Maple Leaf Foods (Maple Leaf Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Maple Leaf Foods Inc (OTCPK:MLFNF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

M1L:Germany MFI:Canada

Address

6985 Financial Drive, Mississauga, ON, CAN, L5N 0A1

Website

http://www.mapleleaffoods.com

Maple Leaf Foods Incs is a producer of food products under leading brands, including Maple Leaf, Maple Leaf PrimeMaple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, Greenfield Natural Meat Co., Lightlife, and Field Roast. The Company's portfolio includes prepared meats, ready-to-cook and ready-toserve meals, and valued-added fresh pork and poultry, and plant protein products. Its main markets are Canada, the United States, Japan, and China. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell's Gourmet Food, Larse, Parm, and Hygrade.