Winning Brands (Winning Brands) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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What is Winning Brands Long-Term Capital Lease Obligation?

Winning Brands's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.

Winning Brands Long-Term Capital Lease Obligation Historical Data

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

Winning Brands Annual Data

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Long-Term Capital Lease Obligation

Winning Brands Quarterly Data

Long-Term Capital Lease Obligation

Winning Brands (OTCPK:WNBD) 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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Winning Brands (Winning Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Winning Brands Corp (OTCPK:WNBD) » Definitions » Long-Term Capital Lease Obligation

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Address

92 Caplan Avenue, Suite 134, Barrie, ON, CAN, L4N 9J2

Website

https://www.winningbrands.com

Winning Brands Corp is engaged in the creation and manufacturing of household and commercial cleaning products. It also offers cosmetic and personal care formulations. The product portfolio of the company includes 1000+ Stain Remover; BRILLIANT, which provides Professional Laundry Solutions; TrackMois, which is a dirt surface performance enhancer; and ReGUARD4, which is a Fire Safety Cleaner.