Forafric Global (Forafric Global) Long-Term Capital Lease Obligation : $0.0 Mil (As of Jun. 2023)

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What is Forafric Global Long-Term Capital Lease Obligation?

Forafric Global's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.0 Mil.

Forafric Global's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 ($2.7 Mil) to Dec. 2022 ($0.0 Mil) but then stayed the same from Dec. 2022 ($0.0 Mil) to Jun. 2023 ($0.0 Mil).

Forafric Global's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($5.8 Mil) to Dec. 2021 ($0.0 Mil) but then stayed the same from Dec. 2021 ($0.0 Mil) to Dec. 2022 ($0.0 Mil).

Forafric Global Long-Term Capital Lease Obligation Historical Data

The historical data trend for Forafric Global'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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Forafric Global Long-Term Capital Lease Obligation Chart

Forafric Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

5.78

Forafric Global Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	2.75	-	-

Forafric Global (NAS:AFRI) 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.

Forafric Global Long-Term Capital Lease Obligation Related Terms

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Forafric Global (Forafric Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Forafric Global PLC (NAS:AFRI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mustapha Jamaleddine, Unit 5.3, Madison Building, Midtown, Queensway, GIB, GX11 1AA

Website

https://www.forafric.com

Forafric Global PLC is engaged in production and sale of a variety of wheat flours, Semolina and Pasta and Couscous in Morocco and in more than 45 countries. The two main brands in Morocco are MAYMOUNA and TRIA. The company derives majority of its revenue from Soft wheat.

Executives

Paul Packer	director, 10 percent owner, officer: CEO; CFO; Secretary	C/O GLOBIS CAPITAL PARTNERS LP, 60 BROAD ST, NEW YORK NY 10004
Michael Ferguson	director	525 EXECUTIVE BOULEVARD, ELMSFORD NY 10523
John M Horne	director	P.O. BOX 547, JOHNSON AR 72741
Claude Benitah	director	NITSANA, 9, TEL-AVIV-YAFO L3 6811709
Globis Spac Llc	10 percent owner	805 3RD AVENUE, 15TH FLOOR, NEW YORK NY 10022

Forafric Global (Forafric Global) Headlines

From GuruFocus

Forafric Provides Business Update

By Business Wire • 12-13-2023

Forafric Acquires SIMS mill in Marrakesh Increasing Crushing Capacity to More Than 300 Tons per Day

By Business Wire • 07-31-2023

Forafric Achieves Record High Crushing Volume During First Half of 2022

By Business Wire Business Wire • 08-04-2022

Forafric, a Leading African Agribusiness, Teams with Alapala to Nearly Double Wheat and Durum Processing Capacity

By Business Wire Business Wire • 06-14-2022