Steakholder Foods (Steakholder Foods) Long-Term Capital Lease Obligation : $2.85 Mil (As of Jun. 2023)

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What is Steakholder Foods Long-Term Capital Lease Obligation?

Steakholder Foods's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $2.85 Mil.

Steakholder Foods's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 ($3.20 Mil) to Dec. 2022 ($3.11 Mil) and declined from Dec. 2022 ($3.11 Mil) to Jun. 2023 ($2.85 Mil).

Steakholder Foods's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($0.25 Mil) and increased from Dec. 2021 ($0.25 Mil) to Dec. 2022 ($3.11 Mil).

Steakholder Foods Long-Term Capital Lease Obligation Historical Data

The historical data trend for Steakholder 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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Steakholder Foods Long-Term Capital Lease Obligation Chart

Steakholder Foods Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.46

0.09

0.25

3.11

Steakholder Foods Quarterly Data
	Sep16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.60	3.25	3.20	3.11	2.85

Steakholder Foods (OTCPK:MTTCF) 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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Steakholder Foods (Steakholder Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Steakholder Foods Ltd (OTCPK:MTTCF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

STKH:USA

Address

5 David Fikes Street, P.O. Box 4061, Rehovot, ISR, 7632805

Website

https://www.steakholderfoods.com

Steakholder Foods Ltd is a deep-tech food company. The company is cultivating meat technologies to improve meat production, simplify the meat supply chain and offer consumers a range of new product offerings. The company aims to provide an alternative to industrialized animal farming that reduces carbon footprint, minimizes water and land usage and prevents the slaughtering of animals. It is developing a novel, proprietary three-dimensional bioprinter to deposit layers of differentiated stem cells, scaffolding, and cell nutrients in a three-dimensional form of structured cultured meat. Through modular factory design, it expects to be able to offer a sustainable solution for producing a variety of beef, chicken and pork products, both as raw materials and whole cuts.