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Village Super Market Inc (NAS:VLGEA)
Long-Term Capital Lease Obligation
$44 Mil (As of Oct. 2014)

Village Super Market Inc's long-term capital lease obligation for the quarter that ended in Oct. 2014 was $44 Mil.

Village Super Market Inc's quarterly long-term capital lease obligation increased from Apr. 2014 ($41 Mil) to Jul. 2014 ($44 Mil) but then declined from Jul. 2014 ($44 Mil) to Oct. 2014 ($44 Mil).

Village Super Market Inc's annual long-term capital lease obligation increased from Jul. 2012 ($41 Mil) to Jul. 2013 ($41 Mil) and increased from Jul. 2013 ($41 Mil) to Jul. 2014 ($44 Mil).


Definition

Capital lease obligations 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 current portion of a capital lease obligation is the portion of a long-term capital lease that is due over the next year.


Explanation

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.

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Village Super Market Inc Annual Data

Jul05Jul06Jul07Jul08Jul09Jul10Jul11Jul12Jul13Jul14
LongTermCapitalLeaseObligation 141313223100414144

Village Super Market Inc Quarterly Data

Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14
LongTermCapitalLeaseObligation 41414141414141414444
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