Maison Solutions (Maison Solutions) Long-Term Capital Lease Obligation : $21.31 Mil (As of Jan. 2024)

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What is Maison Solutions Long-Term Capital Lease Obligation?

Maison Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $21.31 Mil.

Maison Solutions's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 ($22.25 Mil) to Oct. 2023 ($21.79 Mil) and declined from Oct. 2023 ($21.79 Mil) to Jan. 2024 ($21.31 Mil).

Maison Solutions's annual Long-Term Capital Lease Obligation declined from Apr. 2021 ($17.59 Mil) to Apr. 2022 ($16.55 Mil) but then increased from Apr. 2022 ($16.55 Mil) to Apr. 2023 ($22.71 Mil).

Maison Solutions Long-Term Capital Lease Obligation Historical Data

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

Maison Solutions Annual Data

Trend

Apr21

Apr22

Apr23

Long-Term Capital Lease Obligation

17.59

16.55

22.71

Maison Solutions Quarterly Data
	Apr21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						19.33	22.71	22.25	21.79	21.31

Maison Solutions (NAS:MSS) 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.

Maison Solutions Long-Term Capital Lease Obligation Related Terms

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Maison Solutions (Maison Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Maison Solutions Inc (NAS:MSS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

127 N Garfield Avenue, Monterey Park, CA, USA, 91754

Website

https://www.maisonsolutionsinc.com

Maison Solutions Inc is a fast-growing, specialty grocery retailer offering traditional Asian food and merchandise to modern U.S. consumers, in particular to the members of Asian-American communities. It is committed to providing Asian fresh produce, meat, seafood, and other daily necessities in a manner that caters to traditional Asian-American family values and cultural norms, while also accounting for the new and faster-paced lifestyle of younger generations and the diverse communities in which it operates. The company's merchandise includes fresh and unique produce, meats, seafood and other groceries that are not found in mainstream supermarkets, including a variety of Asian vegetables and fruits such as broccoli, bitter melon, winter gourd, Shanghai baby bok choy, longan and lychee.

Executives

Bin Wang	director	112 RICO DR. NORTH, MORGANVILLE NJ 07751
Tao Han	officer: Chief Operating Officer	127 N GARFIELD AVE, MONTEREY PARK CA 91754
John Xu	director, 10 percent owner, officer: President and CEO	127 N GARFIELD AVE, MONTEREY PARK CA 91754
Alexandria M. Lopez	director, officer: Chief Financial Officer	127 N GARFIELD AVE, MONTEREY PARK CA 91754
Xiaoxia Zhang	director	127 N GARFIELD AVE, MONTEREY PARK CA 91754
Mark W. Willis	director	127 N GARFIELD AVE, MONTEREY PARK CA 91754