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Green Rise Foods (TSXV:GRF) Long-Term Capital Lease Obligation : C$0.12 Mil (As of Dec. 2023)


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What is Green Rise Foods Long-Term Capital Lease Obligation?

Green Rise Foods's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.12 Mil.

Green Rise Foods's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (C$0.06 Mil) to Sep. 2023 (C$0.13 Mil) but then declined from Sep. 2023 (C$0.13 Mil) to Dec. 2023 (C$0.12 Mil).

Green Rise Foods's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$0.28 Mil) to Dec. 2022 (C$0.09 Mil) but then increased from Dec. 2022 (C$0.09 Mil) to Dec. 2023 (C$0.12 Mil).

Green Rise Foods Long-Term Capital Lease Obligation Historical Data

The historical data trend for Green Rise Foods'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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Green Rise Foods Long-Term Capital Lease Obligation Chart

Green Rise Foods Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 0.08 0.24 0.28 0.09 0.12

Green Rise Foods Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.09 0.08 0.06 0.13 0.12

Green Rise Foods  (TSXV:GRF) 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.

Green Rise Foods Long-Term Capital Lease Obligation Related Terms

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Green Rise Foods (TSXV:GRF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Green Rise Foods Inc (TSXV:GRF) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
47 Colborne Street, Suite 301, Toronto, ON, CAN, M5E1P8
Website
https://www.greenrisefoods.ca
Green Rise Foods Inc is a grower of fresh produce. The company takes pride in providing high-quality, consistent and reliable products to meet the growing consumer demand for locally grown fresh produce. It seeks to optimize its operations to generate improved product quality and shelf life, expand profit margins, and provide investors with meaningful and growing returns. The seasonal operation consists of the growing, packaging, and sale of produce to majority of its customers.