High Liner Foods (High Liner Foods) Long-Term Capital Lease Obligation : $7 Mil (As of Dec. 2023)

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What is High Liner Foods Long-Term Capital Lease Obligation?

High Liner Foods's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7 Mil.

High Liner Foods's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($2 Mil) to Sep. 2023 ($8 Mil) but then declined from Sep. 2023 ($8 Mil) to Dec. 2023 ($7 Mil).

High Liner Foods's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($7 Mil) to Dec. 2022 ($3 Mil) but then increased from Dec. 2022 ($3 Mil) to Dec. 2023 ($7 Mil).

High Liner Foods Long-Term Capital Lease Obligation Historical Data

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

High Liner Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7.20

10.72

6.85

2.81

7.00

High Liner Foods Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.81	2.33	2.01	7.89	7.00

High Liner Foods (OTCPK:HLNFF) 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.

High Liner Foods Long-Term Capital Lease Obligation Related Terms

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High Liner Foods (High Liner Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » High Liner Foods Inc (OTCPK:HLNFF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

28Y:Germany HLF:Canada

Address

100 Battery Point, P.O. Box 910, Lunenburg, NS, CAN, B0J 2C0

Website

https://www.highlinerfoods.com

High Liner Foods Inc is a Canadian company which is mainly engaged in the processing and marketing of prepared and packaged frozen seafood products. The company sells its products to institutions, health care facilities, and quick-service family and casual dining establishments. Its foodservice brands include High Liner Culinary, Mirabel, FPI, Viking, American Pride, High Liner, Fisher Boy, Sea Cuisine and others.