Pangea Natural Foods (XCNQ:PNGA) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jul. 2024)

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What is Pangea Natural Foods Long-Term Capital Lease Obligation?

Pangea Natural Foods's Long-Term Capital Lease Obligation for the quarter that ended in Jul. 2024 was C$0.00 Mil.

Pangea Natural Foods Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pangea Natural 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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Pangea Natural Foods Long-Term Capital Lease Obligation Chart

Pangea Natural Foods Annual Data

Trend

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Long-Term Capital Lease Obligation

Pangea Natural Foods Quarterly Data
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Pangea Natural Foods (XCNQ:PNGA) 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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Pangea Natural Foods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pangea Natural Foods Inc (XCNQ:PNGA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PNGAF:USA

Address

8035 - 130th Street, Surrey, BC, CAN, V3W 0H7

Website

https://www.pangeafood.com

Pangea Natural Foods Inc engages in the production and sale of plant-based patties. Pangea manufactures the plant-based patties at the Facility in the Vancouver lower mainland and sells the patties through multiple distribution channels including online sales platforms and retailers. The Company currently has one reportable operating segment, the manufacturing and distribution of food products in Canada.

Executives

Pratapvir Sandhu

Director

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