NextGen Food Robotics (NEOE:NGRB) Long-Term Capital Lease Obligation : C$1.02 Mil (As of Jan. 2024)

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What is NextGen Food Robotics Long-Term Capital Lease Obligation?

NextGen Food Robotics's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$1.02 Mil.

NextGen Food Robotics's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (C$0.14 Mil) to Oct. 2023 (C$0.77 Mil) and increased from Oct. 2023 (C$0.77 Mil) to Jan. 2024 (C$1.02 Mil).

NextGen Food Robotics's annual Long-Term Capital Lease Obligation increased from . 20 (C$0.00 Mil) to Apr. 2022 (C$0.72 Mil) but then declined from Apr. 2022 (C$0.72 Mil) to Apr. 2023 (C$0.16 Mil).

NextGen Food Robotics Long-Term Capital Lease Obligation Historical Data

The historical data trend for NextGen Food Robotics'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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NextGen Food Robotics Long-Term Capital Lease Obligation Chart

NextGen Food Robotics Annual Data

Trend

Apr22

Apr23

Long-Term Capital Lease Obligation

0.72

0.16

NextGen Food Robotics Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						0.09	0.16	0.14	0.77	1.02

NextGen Food Robotics (NEOE:NGRB) 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.

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NextGen Food Robotics (NEOE:NGRB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » NextGen Food Robotics Corp (NEOE:NGRB) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

NGRBF:USA O83:Germany

Address

855 Terminal Avenue, Vancouver, BC, CAN, V6A 2M9

Website

https://www.nextgenai.ca

NextGen Food Robotics Corp is a multi-division food manufacturing operation that offers commissary and ghost kitchens, co-pack and private label contract manufacturing, and in-house production of the Company's plant-based brand. Additionally, Nextgen is developing the Lily app, which is an AI-powered food application. The Company has two operating segments: co-packing and manufacturing operations and commissary kitchen operations in Canada.

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