The Fresh Factory B.C. (TSXV:FRSH) Long-Term Capital Lease Obligation : C$2.78 Mil (As of Dec. 2023)

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What is The Fresh Factory B.C. Long-Term Capital Lease Obligation?

The Fresh Factory B.C.'s Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$2.78 Mil.

The Fresh Factory B.C.'s quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (C$1.57 Mil) to Sep. 2023 (C$3.19 Mil) but then declined from Sep. 2023 (C$3.19 Mil) to Dec. 2023 (C$2.78 Mil).

The Fresh Factory B.C.'s annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$1.73 Mil) to Dec. 2022 (C$1.79 Mil) and increased from Dec. 2022 (C$1.79 Mil) to Dec. 2023 (C$2.78 Mil).

The Fresh Factory B.C. Long-Term Capital Lease Obligation Historical Data

The historical data trend for The Fresh Factory B.C.'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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The Fresh Factory B.C. Long-Term Capital Lease Obligation Chart

The Fresh Factory B.C. Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.73

1.79

2.78

The Fresh Factory B.C. Quarterly Data
	Sep20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							1.79	1.56	1.57	3.19	2.78

The Fresh Factory B.C. (TSXV:FRSH) 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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The Fresh Factory B.C. (TSXV:FRSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Fresh Factory B.C. Ltd (TSXV:FRSH) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

238 Tubeway Drive, Carol Stream, IL, USA, 60188

Website

https://www.thefreshfactory.co

The Fresh Factory B.C. Ltd is a vertically integrated company focused on accelerating the growth of plant-based and clean-label food and beverage brands. It owns or partners with emerging brands in the plant-based food and beverage space to develop, formulate, manufacture, distribute and sell products made from fresh produce and recognizable ingredients.