Global Food and Ingredients (TSXV:PEAS) Long-Term Capital Lease Obligation : C$0.41 Mil (As of Dec. 2023)

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What is Global Food and Ingredients Long-Term Capital Lease Obligation?

Global Food and Ingredients's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.41 Mil.

Global Food and Ingredients's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (C$0.70 Mil) to Jun. 2023 (C$0.59 Mil) and declined from Jun. 2023 (C$0.59 Mil) to Dec. 2023 (C$0.41 Mil).

Global Food and Ingredients's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (C$0.50 Mil) to Mar. 2022 (C$0.77 Mil) but then declined from Mar. 2022 (C$0.77 Mil) to Mar. 2023 (C$0.70 Mil).

Global Food and Ingredients Long-Term Capital Lease Obligation Historical Data

The historical data trend for Global Food and Ingredients'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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Global Food and Ingredients Long-Term Capital Lease Obligation Chart

Global Food and Ingredients Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

0.54

0.50

0.77

0.70

Global Food and Ingredients Quarterly Data
	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								0.93	0.81	0.70	0.59	0.41

Global Food and Ingredients (TSXV:PEAS) 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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Global Food and Ingredients (TSXV:PEAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Global Food and Ingredients Inc (TSXV:PEAS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

PEASF:USA

Address

43 Colborne Street, Suite 400, Toronto, ON, CAN, M5E 1E3

Website

https://www.gfiglobalfood.com

Global Food and Ingredients Inc is a plant-based food and ingredients company, focused on pulses and specialty crops chain for peas, beans, lentils, chickpeas and other high protein specialty crops. The Company supplies premium plant-based high protein ingredients to customers around the world and distributes truckload and less-than truckload of bagged product directly to food processing companies, foodservice companies and institutional buyers (educational institutions, healthcare facilities, correctional facilities, etc.) in North America.

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