Mama`s Creations (Mama`s Creations) Long-Term Capital Lease Obligation : $3.6 Mil (As of Jan. 2024)

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What is Mama`s Creations Long-Term Capital Lease Obligation?

Mama`s Creations's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $3.6 Mil.

Mama`s Creations's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 ($3.6 Mil) to Oct. 2023 ($3.8 Mil) but then declined from Oct. 2023 ($3.8 Mil) to Jan. 2024 ($3.6 Mil).

Mama`s Creations's annual Long-Term Capital Lease Obligation declined from Jan. 2022 ($3.7 Mil) to Jan. 2023 ($3.1 Mil) but then increased from Jan. 2023 ($3.1 Mil) to Jan. 2024 ($3.6 Mil).

Mama`s Creations Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mama`s Creations'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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Mama`s Creations Long-Term Capital Lease Obligation Chart

Mama`s Creations Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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1.69

3.72

3.15

3.58

Mama`s Creations Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.15	3.05	3.65	3.81	3.58

Mama`s Creations (NAS:MAMA) 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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Mama`s Creations (Mama`s Creations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mama`s Creations Inc (NAS:MAMA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Branca Road, East Rutherford, NJ, USA, 07073

Website

https://www.mamascreations.com

Mama`s Creations Inc is a marketer and manufacturer of fresh deli-prepared foods, found in over 8,400 grocery, mass, club, and convenience stores nationally. The Company's broad product portfolio, born from a rich history in Italian foods, now consists of a variety of high-quality, fresh, clean, and easy-to-prepare foods to address the needs of both consumers and retailers.

Executives

Matthew Brown	director, 10 percent owner, officer: President	454 TILLOU ROAD, SOUTH ORANGE NJ 07079
Shirley Romig	director	TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901
Meghan Henson	director	RADNOR CORPORATE CENTER, BUILDING ONE, SUITE 200, 100 MATSONFORD ROAD, RADNOR PA 19087
Adam Laurance Michaels	director, officer: Chief Executive Officer	34 HASTINGS DRIVE, TENAFLY NJ 07670
Anthony Gruber	officer: Chief Financial Officer	25 BRANCA ROAD, EAST RUTHERFORD NJ 07073
Haley Patrick Connor	director	640 TAYLOR STREET, SUITE 2522, FORT WORTH TX 76102
David Mcguire	director	10599 WILSHIRE BLVD. SUITE 307, LOS ANGELES CA 90024
Dean Janeway	director, officer: Vice-President	164 SUNSET LANE, MANTOLOKING NJ 08738
Carl T Wolf	director, 10 percent owner, officer: Chief Executive Officer	627 INWOOD LANE, SOUTH ORANGE NJ 07079
Steven R. Burns	director	635 PROSPECT STREET, MAPLEWOOD NJ 07040
Daniel Joseph Altobello	director	6550 ROCK SPRING DR, SUITE 550, BETHESDA MD 20817
Thomas G. Toto	director	34 BOURBON STREET, WAYNE NJ 07079
Lewis H Ochs	officer: Vice-President of Finance	5102 CHESTERWOOD WAY, SOMERSET NJ 08873
Alfred D'agostino	director	133 CUMBERLAND COURT, PARAMUS NJ 07652