Ultra Brands (Ultra Brands) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)

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What is Ultra Brands Long-Term Capital Lease Obligation?

Ultra Brands's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.

Ultra Brands's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.09 Mil) to Dec. 2022 ($0.03 Mil) and declined from Dec. 2022 ($0.03 Mil) to Dec. 2023 ($0.00 Mil).

Ultra Brands Long-Term Capital Lease Obligation Historical Data

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

Ultra Brands Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.09

0.03

Ultra Brands Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.02	0.01	-	-	-

Ultra Brands (GREY:FLLLF) 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.

Ultra Brands Long-Term Capital Lease Obligation Related Terms

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Ultra Brands (Ultra Brands) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ultra Brands Ltd (GREY:FLLLF) » Definitions » Long-Term Capital Lease Obligation

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ULTA:Canada

Address

400-837 West Hastings Street, Vancouver, BC, CAN, V6C 0A6

Website

https://www.feelfoodsco.com

Ultra Brands Ltd is an agri-food holdings company focused on innovative products and technologies in the food services industry and plant-based foods line up of plant-based chicken, pork, and beef products as well as is investing in the research and development of keto-friendly plant-based candy products.