TOFB (Tofutti Brands) Long-Term Capital Lease Obligation : $0.28 Mil (As of Mar. 2025)

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What is Tofutti Brands Long-Term Capital Lease Obligation?

Tofutti Brands's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was $0.28 Mil.

Tofutti Brands's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 ($0.33 Mil) to Dec. 2024 ($0.29 Mil) and declined from Dec. 2024 ($0.29 Mil) to Mar. 2025 ($0.28 Mil).

Tofutti Brands's annual Long-Term Capital Lease Obligation declined from Dec. 2022 ($0.12 Mil) to Dec. 2023 ($0.03 Mil) but then increased from Dec. 2023 ($0.03 Mil) to Dec. 2024 ($0.29 Mil).

Tofutti Brands Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tofutti Brands'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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Tofutti Brands Long-Term Capital Lease Obligation Chart

Tofutti Brands Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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0.12

0.10

0.12

0.03

0.29

Tofutti Brands Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.02	0.02	0.33	0.29	0.28

Tofutti Brands (OTCPK:TOFB) 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.

Tofutti Brands Long-Term Capital Lease Obligation Related Terms

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Tofutti Brands Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tofutti Brands Inc (OTCPK:TOFB) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

105 Newfield Avenue, Suite H, Edison, NJ, USA, 088337

Website

https://www.tofutti.com

Tofutti Brands Inc is engaged in the development, production, and marketing of TOFUTTI brand non-dairy frozen desserts and other food products. It offers soy-based products, plant-based, dairy vegan, frozen desserts, soy-based cheeses and spreads, and other frozen food products. The company sells its dairy-free frozen dessert products, frozen entrees, and soy-cheese products in markets of the United States, including Atlanta, Baltimore, Boston, Charlotte, Chicago, Cincinnati, and Cleveland. It distributes all of its products by common carrier or by allowing customers to pick up products from outside storage facilities. Geographically, the company operates in Americas, Europe, Middle East, and Asia Pacific and Africa, of which maximum revenue is derived from Americas.

Executives

Efraim Mintz	director	TOFUTTI BRANDS INC., 50 JACKSON DRIVE, CRANFORD NJ 07106
Joseph N Himy	director	13-01 POLLITT DRIVE, FAIR LAWN NJ 07410
Scott Korman	director	C/O NASHONE, INC., 175 ELM ROAD, ENGLEWOOD NJ 07361
Neal S Axelrod	director	C/O TOFUTTI BRANDS INC., 50 JACKSON DRIVE, CRANFORD NJ 07016
Steven Kass	officer: Chief Financial Officer	50 JACKSON DRIVE, CRANFORD NJ 07016
Philip Gotthelf	director	C/O TOFUTTI BRANDS INC., 50 JACKSON DRIVE, CRANFORD NJ 07016
Aron Forem	director	C/O WUHL SHAFMAN LIEBERMAN CO., 52-62 CORNELIA STREET, NEWARK NJ 07105
Joseph K Fischer	director	50 JACKSON DRIVE, CRANFORD NJ 7016
Franklyn H Snitow	director	575 LEXINGTON AVE, NEW YORK NY 10017
Jeremy Wiesen	director
Reuben Rapoport	director, officer: Director-Product Development
David Mintz	director, 10 percent owner, officer: President & Chairman	50 JACKSON DRIVE, CRANFORD NJ 07016