The Real Good Food Company (The Real Good Food Company) Long-Term Capital Lease Obligation : $30.4 Mil (As of Sep. 2023)

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

The Real Good Food Company's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $30.4 Mil.

The Real Good Food Company's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($32.9 Mil) to Jun. 2023 ($31.6 Mil) and declined from Jun. 2023 ($31.6 Mil) to Sep. 2023 ($30.4 Mil).

The Real Good Food Company's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($0.1 Mil) to Dec. 2021 ($11.4 Mil) and increased from Dec. 2021 ($11.4 Mil) to Dec. 2022 ($34.1 Mil).

The Real Good Food Company Long-Term Capital Lease Obligation Historical Data

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

The Real Good Food Company Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

0.14

11.40

34.13

The Real Good Food Company Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										25.01	34.13	32.90	31.65	30.38

The Real Good Food Company (NAS:RGF) 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.

The Real Good Food Company Long-Term Capital Lease Obligation Related Terms

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The Real Good Food Company (The Real Good Food Company) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Real Good Food Company Inc (NAS:RGF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Executive Campus, Suite 155, Cherry Hill, NJ, USA, 08002

Website

https://www.realgoodfoods.com

The Real Good Food Company Inc is an innovative, high-growth, branded, health- and wellness-focused frozen food company. It develops, markets, and manufactures delicious and convenient comfort foods designed to be high in protein, low in sugar, and made from gluten- and grain-free ingredients that are intended to be sold in the health and wellness segment of the frozen food category. All of its revenue is derived from the United States.

Executives

Bryan T. Freeman	director, 10 percent owner, officer: See Remarks	3 EXECUTIVE CAMPUS, SUITE 155, CHERRY HILL NJ 08002
David Kanen	10 percent owner	6429 NW 65TH WAY, PARKLAND FL 33067
Philotimo Focused Growth & Income Fund	10 percent owner, other: See Explanation of Responses	5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
Kanen Wealth Management Llc	10 percent owner, other: See Explanation of Responses	5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
Philotimo Fund, Lp	10 percent owner, other: See Explanation of Responses	5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
Mark Joseph Nelson	director	LOCAL BOUNTI CORPORATION, 220 W MAIN STREET, HAMILTON MT 59840
Gerard Garfield Law	director, officer: See Remarks	3 EXECUTIVE CAMPUS, SUITE 155, CHERRY HILL NJ 08002
De Cardenas Gilbert B.	director	3 EXECUTIVE CAMPUS, SUITE 155, CHERRY HILL NJ 08002
Akshay Jagdale	officer: Chief Financial Officer	3 EXECUTIVE CAMPUS, SUITE 155, CHERRY HILL NJ 08002
Strand Equity Partners Iii, Llc	10 percent owner	1888 CENTURY PARK EAST, SUITE 1440, LOS ANGELES CA 90067
Josh Schreider	10 percent owner	3 EXECUTIVE CAMPUS, SUITE 155, CHERRYL HILL NJ 08002
Awm Investment Company, Inc.	10 percent owner	527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Andrew J Stiffelman	10 percent owner, officer: See Remarks	3 EXECUTIVE CAMPUS, SUITE 155, CHERRY HILL NJ 08002
Deanna T Brady	director	1 HORMEL STREET, AUSTIN MN 55912
Seth Rodsky	10 percent owner	1888 CENTURY PARK EAST, SUITE 1440, LOS ANGELES CA 90067