Romana Food Blockchain (Romana Food Blockchain) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jul. 2010)

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What is Romana Food Blockchain Long-Term Capital Lease Obligation?

Romana Food Blockchain's Long-Term Capital Lease Obligation for the quarter that ended in Jul. 2010 was $0.00 Mil.

Romana Food Blockchain Long-Term Capital Lease Obligation Historical Data

The historical data trend for Romana Food Blockchain'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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Romana Food Blockchain Long-Term Capital Lease Obligation Chart

Romana Food Blockchain Annual Data

Trend

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Long-Term Capital Lease Obligation

Romana Food Blockchain Quarterly Data
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Romana Food Blockchain (OTCPK:RFBC) 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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Romana Food Blockchain (Romana Food Blockchain) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Romana Food Blockchain Corp (OTCPK:RFBC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2910 Sheridan Way, Oakville, ON, CAN, L6J 7J8

Website

http://www.romanafoodbrands.com

Romana Food Blockchain Corp is a USA based company that owns and operates a food processing plants specializing in Italian products. Its clients include Costco, Imvescor, Loblaws, Maxi, Metro, Provigo, Sobeys, Super C and Trader Joe's.

Romana Food Blockchain (Romana Food Blockchain) Headlines

From GuruFocus

Unauthorized publicity - Romana Food Brands Corp.'s update

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