National Beverage (National Beverage) Long-Term Capital Lease Obligation : $45 Mil (As of Jan. 2024)

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What is National Beverage Long-Term Capital Lease Obligation?

National Beverage's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $45 Mil.

National Beverage's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 ($30 Mil) to Oct. 2023 ($32 Mil) and increased from Oct. 2023 ($32 Mil) to Jan. 2024 ($45 Mil).

National Beverage's annual Long-Term Capital Lease Obligation declined from Apr. 2021 ($29 Mil) to Apr. 2022 ($21 Mil) but then increased from Apr. 2022 ($21 Mil) to Apr. 2023 ($30 Mil).

National Beverage Long-Term Capital Lease Obligation Historical Data

The historical data trend for National Beverage'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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National Beverage Long-Term Capital Lease Obligation Chart

National Beverage Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Long-Term Capital Lease Obligation

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32.16

28.84

20.70

29.78

National Beverage 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															28.99	29.78	29.91	31.63	44.57

National Beverage (NAS:FIZZ) 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.

National Beverage Long-Term Capital Lease Obligation Related Terms

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National Beverage (National Beverage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » National Beverage Corp (NAS:FIZZ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

20V:Germany

Address

8100 SW Tenth Street, Suite 4000, Fort Lauderdale, FL, USA, 33324

Website

https://www.nationalbeverage.com

National Beverage Corp is a non-alcoholic beverage company in the U.S. Its portfolio skews toward functional drinks (that is those purporting to offer health benefits) and is anchored by the popular LaCroix sparkling water trademark. Other offerings include Rip It energy drinks, Everfresh juices, and soda brands like Shasta and Faygo. The firm controls the majority of its production and distribution apparatus, with very little outsourcing. In terms of go-to-market, it uses warehouse distribution for big-box retailers, direct-store delivery for convenience stores and other small outlets, and food-service distributors for the food-service channel (schools, hospitals, restaurants). It is controlled by chairman and CEO Nick Caporella, who owns over 73% of the common stock.

Executives

Cecil D Conlee	director	950 E PACES FERRY RD, SUITE 2275, ATLANTA GA 30326
Stanley Michael Sheridan	director	6203 PLUM DRIVE, WILLIAMSBURG MI 49690
Nick A Caporella	director, 10 percent owner, officer: COB & CEO	ONE NORTH UNIVERSITY DRIVE, BUILDING A, 4TH FLOOR, PLANTATION FL 33324
Joseph G Caporella	director, officer: President	8100 SW 10TH STREET, SUITE 4000, PLANTATION FL 33324
Dennis L Thompson	officer: EVP - Shasta Beverages, Inc.	8100 SW 10TH STREET, SUITE 4000, PLANTATION FL 33324
Gregory P Cook	officer: VP - CONTROLLER & CAO	8100 SW 10TH STREET, SUITE 4000, PLANTATION FL 33324
Samuel C Hathorn	director	8100 SW 10TH STREET, SUITE 4000, PLANTATION FL 33324
Gregory I Roberts	officer: EVP - National BevPak	8100 SW 10TH STREET, SUITE 4000, PLANTATION FL 33324
George R Bracken	officer: EVP Finance	8100 SW 10TH STREET, SUITE 4000, PLANTATION FL 33324
Hagan John Ronald Jr	officer: SEVP, Shasta Beverages, Inc.	8100 SW 10TH STREET, SUITE 4000, PLANTATION FL 33324
Kloch Joseph P Jr	director	ONE NORTH UNIVERSITY DRIVE, BUILDING A, 4TH FLOOR, PLANTATION FL 33324
Dean A Mccoy	officer: Senior VP-Controller	ONE NORTH UNIVERSITY DRIVE, BUILDING A, 4TH FLOOR, PLANTATION FL 33324
Edward F Knecht	officer: EVP - Procurement	ONE NORTH UNIVERSITY DRIVE, BUILDING A,, 4TH FLOOR, PLANTATION FL 33324
S Lee Kling	director	1401 S BRENTWOOD BLVD, ST LOUIS MO 63144