Fresh Del Monte Produce (Fresh Del Monte Produce) Long-Term Capital Lease Obligation

: $142 Mil (As of Dec. 2023)

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Fresh Del Monte Produce's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $142 Mil.

Fresh Del Monte Produce's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($147 Mil) to Sep. 2023 ($141 Mil) but then increased from Sep. 2023 ($141 Mil) to Dec. 2023 ($142 Mil).

Fresh Del Monte Produce's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($136 Mil) to Dec. 2022 ($147 Mil) but then declined from Dec. 2022 ($147 Mil) to Dec. 2023 ($142 Mil).

Fresh Del Monte Produce Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fresh Del Monte Produce'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.

* Premium members only.

Fresh Del Monte Produce Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

102.70

114.40

136.00

147.30

142.10

Fresh Del Monte Produce 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																147.30	153.90	146.50	141.20	142.10

Fresh Del Monte Produce (NYSE:FDP) 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.

Fresh Del Monte Produce Long-Term Capital Lease Obligation Related Terms

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Fresh Del Monte Produce (Fresh Del Monte Produce) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fresh Del Monte Produce Inc (NYSE:FDP) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

87 Mary Street, George Town, P.O. Box 698, 4th Floor, Apollo House, c/o H&C Corporate Services Ltd, Grand Cayman, CYM, KY1-1107

Website

https://www.freshdelmonte.com

Fresh Del Monte Produce Inc is an integrated producer, marketer & distributor of high-quality & fresh-cut fruit & vegetables. It operates in three segments, Fresh and value-added products segment, which includes pineapples, fresh-cut fruit, fresh-cut vegetables, melons, vegetables, non-tropical fruit, other fruit and vegetables, avocados, and prepared foods, Banana segment & Other products and services segment, including the third-party freight & logistic services business & the Jordanian poultry and meats business. The majority is from the Fresh and value-added products segment. Geographically, it operates in North America, Europe, Asia, the Middle East, and Other, out of which the highest is from North America.

Executives

Jesus Rodriguez Calvo	officer: SVP, NA Sales & Marketing	C/O FRESH DEL MONTE PRODUCE INC, P.O. BOX 149222, CORAL GABLES FL 33114
Tarek Ahmad Betti	officer: Chief Human Resources Officer	C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114
Michael J Berthelot	director	P O BOX 7277, RANCHO SANTA FE CA 92067
Mohammed Abbas	officer: V.P. Middle East and N. Africa	C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33134
Monica Vicente	officer: SVP, Chief Financial Officer	C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114
Effie D Silva	officer: SVP, General Counsel & Secy	C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114
Reyes Jorge Pelaez	officer: VP, Central America	C/O FRESH DEL MONTE PRODUCE INC., PO BOX 149222, CORAL GABLES FL 33114
Sergio Mancilla	officer: VP South America	C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114
Hans Sauter	officer: SVP, R&D and Agriculture	C/O FRESH DEL MONTE PRODUCE INC.,, PO BOX 149222, CORAL GABLES FL 33114
Ziad Nabulsi	officer: SVP, North American Operations	C/O FRESH DEL MONTE PRODUCE INC, P.O. BOX 149222, CORAL GABLES FL 33114
Helmuth Lutty	officer: SVP, Shipping Operations	C/O FRESH DEL MONTE PRODUCE INC., PO BOX 149222, CORAL GABLES FL 33114
Gianpaolo Renino	officer: V.P. Europe and Africa	C/O FRESH DEL MONTE, INC., PO BOX 149222, CORAL GABLES FL 33134
Mohammad Abu-ghazaleh	director, 10 percent owner, officer: Chief Executive Officer	P.O. BOX 149222, CORAL GABLES FL 33114-9222
Eduardo Guarita Bezerra	officer: SVP and CFO	C/O FRESH DEL MONTE PRODUCE INC., PO BOX 149222, CORAL GABLES FL 33134
Marlene Gordon	officer: SVP, General Counsel	C/O FRESH DEL MONTE PRODUCE INC.,, PO BOX 149222, CORAL GABLES FL 33134