Fomento Economico MexicanoB de CV (Fomento Economico MexicanoB de CV) Long-Term Capital Lease Obligation

: $4,777 Mil (As of Sep. 2023)

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Fomento Economico MexicanoB de CV's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $4,777 Mil.

Fomento Economico MexicanoB de CV's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 ($4,495 Mil) to Jun. 2023 ($4,754 Mil) and increased from Jun. 2023 ($4,754 Mil) to Sep. 2023 ($4,777 Mil).

Fomento Economico MexicanoB de CV's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($2,591 Mil) to Dec. 2021 ($2,683 Mil) and increased from Dec. 2021 ($2,683 Mil) to Dec. 2022 ($4,166 Mil).

Fomento Economico MexicanoB de CV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fomento Economico MexicanoB de CV'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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Fomento Economico MexicanoB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

2,507.53

2,590.79

2,683.48

4,166.09

4,939.13

Fomento Economico MexicanoB de CV 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																4,166.09	4,495.20	4,753.64	4,777.00	4,939.13

Fomento Economico MexicanoB de CV (NYSE:FMX) 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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Fomento Economico MexicanoB de CV (Fomento Economico MexicanoB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Fomento Economico Mexicano SAB de CV (NYSE:FMX) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

FMXUF:USA FEMSAUB:Mexico FEMSAUBD:Mexico FOMC:Germany FOMA:Germany FMX:Argentina

Address

General Anaya No. 601 Pte., Colonia Bella Vista, Monterrey, NL, MEX, 64410

Website

https://www.femsa.com

Mexico-based Femsa is a beverage and retail conglomerate in Central and South America. The holding company owns controlling stakes in bottler Coca-Cola Femsa (47% economic stake, 56% voting rights), in addition to operating 100%-owned retail assets, including convenience stores under the Oxxo banner, drugstores, and gas stations. The firm has digested its 15% stake in Heineken and its distribution business in 2023. Coca-Cola Femsa and the Oxxo chain made up 70% of total company revenue and around 75% of profits in 2022.