Coho Collective Kitchens (TSXV:COHO) Long-Term Capital Lease Obligation : C$10.86 Mil (As of Dec. 2023)

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What is Coho Collective Kitchens Long-Term Capital Lease Obligation?

Coho Collective Kitchens's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$10.86 Mil.

Coho Collective Kitchens's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (C$7.55 Mil) to Sep. 2023 (C$11.12 Mil) but then declined from Sep. 2023 (C$11.12 Mil) to Dec. 2023 (C$10.86 Mil).

Coho Collective Kitchens's annual Long-Term Capital Lease Obligation increased from . 20 (C$0.00 Mil) to Mar. 2022 (C$3.85 Mil) and increased from Mar. 2022 (C$3.85 Mil) to Mar. 2023 (C$7.70 Mil).

Coho Collective Kitchens Long-Term Capital Lease Obligation Historical Data

The historical data trend for Coho Collective Kitchens'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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Coho Collective Kitchens Long-Term Capital Lease Obligation Chart

Coho Collective Kitchens Annual Data

Trend

Mar22

Mar23

Long-Term Capital Lease Obligation

3.85

7.70

Coho Collective Kitchens Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						7.88	7.70	7.55	11.12	10.86

Coho Collective Kitchens (TSXV:COHO) 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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Coho Collective Kitchens (TSXV:COHO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Coho Collective Kitchens Inc (TSXV:COHO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1370 E. Georgia Street, Vancouver, BC, CAN, V5L 2A8

Website

https://www.cohocommissary.com

Coho Collective Kitchens Inc engages in the provision of Commercial Commissary Kitchens and the rental of these kitchens to food-based businesses in Canada. The company currently offers its services and sells its products through three main channels, commissary operations, the hospitality food service establishment (Cafe), and the e-commerce food delivery platform, CohoMarket.ca (Coho Market).

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