Reborn Coffee (Reborn Coffee) Long-Term Capital Lease Obligation : $3.56 Mil (As of Dec. 2023)

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What is Reborn Coffee Long-Term Capital Lease Obligation?

Reborn Coffee's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.56 Mil.

Reborn Coffee's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($3.54 Mil) to Sep. 2023 ($3.75 Mil) but then declined from Sep. 2023 ($3.75 Mil) to Dec. 2023 ($3.56 Mil).

Reborn Coffee's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($2.01 Mil) to Dec. 2022 ($2.53 Mil) and increased from Dec. 2022 ($2.53 Mil) to Dec. 2023 ($3.56 Mil).

Reborn Coffee Long-Term Capital Lease Obligation Historical Data

The historical data trend for Reborn Coffee'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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Reborn Coffee Long-Term Capital Lease Obligation Chart

Reborn Coffee Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.85

0.99

2.01

2.53

3.56

Reborn Coffee Quarterly Data
	Dec19	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										2.53	2.99	3.54	3.75	3.56

Reborn Coffee (NAS:REBN) 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.

Reborn Coffee Long-Term Capital Lease Obligation Related Terms

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Reborn Coffee (Reborn Coffee) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Reborn Coffee Inc (NAS:REBN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

580 N. Berry Street, Brea, CA, USA, 92821

Website

https://www.reborncoffee.com

Reborn Coffee Inc is an operator and franchisor of retail locations and kiosks that focus on serving specialty-roasted coffee. The company operates in one reportable segment, consisting of both the wholesale and retail sales of coffee, water, and other beverages.

Executives

Nasim Andy Farouk Muhamad	director	NO 21 JALAN SETIABAKTI 9, BUKIT DAMANSARA, KUALA LUMPUR N8 50490
Jay Kim	director, 10 percent owner, officer: CEO	6940 BEACH BLVD SUITE D-705, BUENA PARK CA 90621
Jinwoo Kim	officer: Chief Financial Officer	580 N. BERRY STREET, BREA CA 92821
Hannah Goh	director	580 N. BERRY STREET, BREA CA 92821
Dennis R. Egidi	director	580 N. BERRY STREET, BREA CA 92821
Sehan Kim	director	580 N. BERRY STREET, BREA CA 92821
Farooq M. Arjomand	director, 10 percent owner	580 N. BERRY STREET, BREA CA 92821