Coca-Cola Consolidated (Coca-Cola Consolidated) Long-Term Capital Lease Obligation : $107 Mil (As of Dec. 2023)

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What is Coca-Cola Consolidated Long-Term Capital Lease Obligation?

Coca-Cola Consolidated's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $107 Mil.

Coca-Cola Consolidated's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($115 Mil) to Sep. 2023 ($109 Mil) and declined from Sep. 2023 ($109 Mil) to Dec. 2023 ($107 Mil).

Coca-Cola Consolidated's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($187 Mil) to Dec. 2022 ($126 Mil) and declined from Dec. 2022 ($126 Mil) to Dec. 2023 ($107 Mil).

Coca-Cola Consolidated Long-Term Capital Lease Obligation Historical Data

The historical data trend for Coca-Cola Consolidated'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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Coca-Cola Consolidated Long-Term Capital Lease Obligation Chart

Coca-Cola Consolidated Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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115.17

189.91

187.05

126.28

107.30

Coca-Cola Consolidated Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															126.28	119.96	114.80	109.25	107.30

Coca-Cola Consolidated (NAS:COKE) 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.

Coca-Cola Consolidated Long-Term Capital Lease Obligation Related Terms

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Coca-Cola Consolidated (Coca-Cola Consolidated) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Consolidated Inc (NAS:COKE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CC5:Germany CC5:Germany

Address

4100 Coca-Cola Plaza, Charlotte, NC, USA, 28211

Website

https://www.cokeconsolidated.com

Coca-Cola Consolidated Inc sells nonalcoholic beverage products in the United States. The company purchases concentrate and syrups from other beverage manufacturers under a license, then produces, packages, markets, and distributes the beverages to retailers. The company's primary licensor is Coca-Cola Co., which generally allows it to exclusively market, produce, and distribute Coca-Cola products in specified parts of the U.S.: North Carolina, South Carolina, West Virginia, and parts of Alabama, Georgia, Tennessee, Virginia, Indiana, and Kentucky. The company manages its business in two operating segments. Nonalcoholic Beverages segment which represents the majority of the company's revenues and All Other segments.

Executives

Coventry Elaine Moyese Bowers	director	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Nathaniel Brent Tollison	officer: See Remarks	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Christine Ann Motherwell	officer: SVP, Human Resources	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Matthew Joseph Blickley	officer: SVP, Financial Planning & CAO	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Donell W Etheridge	officer: See Remarks	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Jeffrey L Turney	officer: See Remarks	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Murrey John W Iii	director	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Fredrick Scott Anthony	officer: SVP, Treasurer	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Richard Tyrone Williams	director	HOMETRUST BANCSHARES, INC., 10 WOODFIN STREET, ASHEVILLE NC 28801
Jennifer K Mann	director	THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
James L Matte	officer: SVP, Human Resources	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Fisher E Beauregarde Iii	officer: EVP, General Counsel	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Wells Sue Anne H.	director	1219 CARTER LAKE ROAD, CHATTANOOGA TN 37405
Deal Clifford M Iii	officer: SVP and CFO	4100 COCA COLA PLAZA, CHARLOTTE NC 28211
Helvey James Relerford Iii	director	100 PIKE WAY, MOUNT AIRY NC 27030