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International Flavors & Fragrances (BUE:IFF) Long-Term Capital Lease Obligation : ARS548,468 Mil (As of Mar. 2024)


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What is International Flavors & Fragrances Long-Term Capital Lease Obligation?

International Flavors & Fragrances's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ARS548,468 Mil.

International Flavors & Fragrances's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (ARS228,867 Mil) to Dec. 2023 (ARS231,762 Mil) and increased from Dec. 2023 (ARS231,762 Mil) to Mar. 2024 (ARS548,468 Mil).

International Flavors & Fragrances's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (ARS67,663 Mil) to Dec. 2022 (ARS112,661 Mil) and increased from Dec. 2022 (ARS112,661 Mil) to Dec. 2023 (ARS231,762 Mil).


International Flavors & Fragrances Long-Term Capital Lease Obligation Historical Data

The historical data trend for International Flavors & Fragrances'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.

International Flavors & Fragrances Long-Term Capital Lease Obligation Chart

International Flavors & Fragrances Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 21,565.70 67,663.30 112,660.80 231,762.00

International Flavors & Fragrances Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 112,405.95 163,920.00 228,867.31 231,762.00 548,467.51

International Flavors & Fragrances  (BUE:IFF) 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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International Flavors & Fragrances (BUE:IFF) Business Description

Address
521 West 57th Street, New York, NY, USA, 10019-2960
International Flavors & Fragrances is the largest specialty ingredients producer globally. The company sells ingredients for the food, beverage, health, household goods, personal care, and pharmaceutical industries. The company makes proprietary formulations, partnering with customers to deliver custom solutions. The nourish segment, which generates roughly half of revenue, is a leading flavor producer and also sell texturants, plant-based proteins, and other ingredients. The health and biosciences business, which generates around one fourth of revenue, is a global leader in probiotics and enzymes. IFF is also one of the leading fragrance producers in the world. The firm also sells pharmaceutical ingredients such as excipients and time-release polymers.