Real Good Food (LSE:RGD) Long-Term Capital Lease Obligation : £0.11 Mil (As of Mar. 2023)

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What is Real Good Food Long-Term Capital Lease Obligation?

Real Good Food's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was £0.11 Mil.

Real Good Food's quarterly Long-Term Capital Lease Obligation stayed the same from Mar. 2022 (£0.16 Mil) to Sep. 2022 (£0.16 Mil) but then declined from Sep. 2022 (£0.16 Mil) to Mar. 2023 (£0.11 Mil).

Real Good Food's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (£0.00 Mil) to Mar. 2022 (£0.16 Mil) but then declined from Mar. 2022 (£0.16 Mil) to Mar. 2023 (£0.11 Mil).

Real Good Food Long-Term Capital Lease Obligation Historical Data

The historical data trend for Real Good Food'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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Real Good Food Long-Term Capital Lease Obligation Chart

Real Good Food Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.57

0.16

0.11

Real Good Food Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	0.16	0.16	0.11

Real Good Food (LSE:RGD) 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.

Real Good Food Long-Term Capital Lease Obligation Related Terms

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Real Good Food (LSE:RGD) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Real Good Food PLC (LSE:RGD) » Definitions » Long-Term Capital Lease Obligation

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Address

229 Crown Street, Liverpool, GBR, L8 7RF

Website

https://www.realgoodfoodplc.com

Real Good Food PLC is engaged in the sourcing, manufacturing, and distribution of food to the retail and industrial sectors. The group operates in one main division: Cake Decoration. The Cake Decoration segment manufactures, sells and supplies cake decorating products and ingredients for the baking sector. Geographically, it derives a majority of revenue from the United Kingdom.

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