National Flour Mills (TRN:NFM) Long-Term Capital Lease Obligation : TTD0.00 Mil (As of . 20)

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What is National Flour Mills Long-Term Capital Lease Obligation?

National Flour Mills's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was TTD0.00 Mil.

National Flour Mills Long-Term Capital Lease Obligation Historical Data

The historical data trend for National Flour Mills'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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National Flour Mills Long-Term Capital Lease Obligation Chart

National Flour Mills Annual Data

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Long-Term Capital Lease Obligation

National Flour Mills Semi-Annual Data

Long-Term Capital Lease Obligation

National Flour Mills (TRN:NFM) 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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National Flour Mills (TRN:NFM) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » National Flour Mills Ltd (TRN:NFM) » Definitions » Long-Term Capital Lease Obligation

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Address

27-29 Wrightson Road, Port of Spain, TTO

Website

https://www.nfm.co.tt

National Flour Mills Ltd is engaged in the production and distribution of food products and animal and poultry feeds. It manufactures and distributes flour, flour by-products, and rice. Its products include wheat-based products, such as all-purpose flour, bakers flour, whole wheat flour, cake flour, self-rising flour, wheat germ, wheat bran, and wheat cereal; and dry mix products, including pholourie mix, split peas powder, baking powder, custard powder, and icing sugar. Its animal feed consists of products for broilers, layers, ducks, goats, dairy, sheep, pigs, horses, fishes, rabbits, tilapia, puppies, and dogs. It trades and distributes parboiled rice, brown rice, soyabean oil, instant ginger tea, coconut milk powder, and instant yeast.

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