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COFE (Coffee) Long-Term Capital Lease Obligation : $0.25 Mil (As of Dec. 2018)


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What is Coffee Long-Term Capital Lease Obligation?

Coffee's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2018 was $0.25 Mil.

Coffee's quarterly Long-Term Capital Lease Obligation declined from Jun. 2018 ($0.31 Mil) to Sep. 2018 ($0.29 Mil) and declined from Sep. 2018 ($0.29 Mil) to Dec. 2018 ($0.25 Mil).

Coffee's annual Long-Term Capital Lease Obligation stayed the same from Jul. 2016 ($0.00 Mil) to Aug. 2017 ($0.00 Mil) but then increased from Aug. 2017 ($0.00 Mil) to Dec. 2018 ($0.25 Mil).

Coffee Long-Term Capital Lease Obligation Historical Data

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

Coffee Annual Data
Trend Jul14 Jul15 Jul16 Aug17 Dec18
Long-Term Capital Lease Obligation
- - - - 0.25

Coffee Quarterly Data
Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Nov16 Feb17 May17 Aug17 Nov17 Mar18 Jun18 Sep18 Dec18
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.39 0.31 0.29 0.25

Coffee  (OTCPK:COFE) 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.

Coffee Long-Term Capital Lease Obligation Related Terms

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Coffee Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Coffee Inc (OTCPK:COFE) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
1901 North Roselle Road, Suite 800, PMB No.8080, Schaumburg, IL, USA, 60195
Website
https://www.coffeeincorporated.com
Coffee Inc is a company engaged in the acquisition and management of standout specialty coffee brands and investment in the downstream coffee sector. The Company generates revenue through sales at company-operated stores in the UK and the U.S. where the company sold its proprietary coffee and related products, and complementary food and snacks.