Nabati Foods Global (XCNQ:MEAL) Long-Term Capital Lease Obligation : C$0.54 Mil (As of Sep. 2023)

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What is Nabati Foods Global Long-Term Capital Lease Obligation?

Nabati Foods Global's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.54 Mil.

Nabati Foods Global's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (C$0.73 Mil) to Jun. 2023 (C$0.64 Mil) and declined from Jun. 2023 (C$0.64 Mil) to Sep. 2023 (C$0.54 Mil).

Nabati Foods Global's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (C$0.07 Mil) to Dec. 2021 (C$1.20 Mil) but then declined from Dec. 2021 (C$1.20 Mil) to Dec. 2022 (C$0.81 Mil).

Nabati Foods Global Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nabati Foods Global'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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Nabati Foods Global Long-Term Capital Lease Obligation Chart

Nabati Foods Global Annual Data

Trend

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

0.07

1.20

0.81

Nabati Foods Global Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								1.45	0.81	0.73	0.64	0.54

Nabati Foods Global (XCNQ:MEAL) 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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Nabati Foods Global (XCNQ:MEAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nabati Foods Global Inc (XCNQ:MEAL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

7UW:Germany

Address

1570 - 505 Burrard Street, Vancouver, BC, CAN, V7X 1M5

Website

https://www.nabati.ca

Nabati Foods Global Inc is an plant-based food technology company that designs, develops, produces, distributes and sells a variety of plant-based meat and other food alternatives.

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