Forbidden Foods (ASX:FFF) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)

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What is Forbidden Foods Long-Term Capital Lease Obligation?

Forbidden Foods's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil.

Forbidden Foods's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (A$0.33 Mil) to Jun. 2022 (A$0.00 Mil) but then stayed the same from Jun. 2022 (A$0.00 Mil) to Jun. 2023 (A$0.00 Mil).

Forbidden Foods Long-Term Capital Lease Obligation Historical Data

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

Forbidden Foods Annual Data

Trend

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

0.33

Forbidden Foods Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	-	-	-

Forbidden Foods (ASX:FFF) 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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Forbidden Foods (ASX:FFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Forbidden Foods Ltd (ASX:FFF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

16/663 Victoria Street, Abbotsford, Melbourne, VIC, AUS, 3067

Website

https://www.forbiddenfoods.com.au

Forbidden Foods Ltd is an Australian owned and managed food company specialising in the sourcing and development of health focused food products for retail and food service in Australia and abroad.

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