C&C Group (FRA:GCC) Long-Term Capital Lease Obligation : €64 Mil (As of Aug. 2023)

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What is C&C Group Long-Term Capital Lease Obligation?

C&C Group's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was €64 Mil.

C&C Group's quarterly Long-Term Capital Lease Obligation declined from Aug. 2022 (€57 Mil) to Feb. 2023 (€57 Mil) but then increased from Feb. 2023 (€57 Mil) to Aug. 2023 (€64 Mil).

C&C Group's annual Long-Term Capital Lease Obligation declined from Feb. 2021 (€61 Mil) to Feb. 2022 (€60 Mil) and declined from Feb. 2022 (€60 Mil) to Feb. 2023 (€57 Mil).

C&C Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for C&C Group'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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C&C Group Long-Term Capital Lease Obligation Chart

C&C Group Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Long-Term Capital Lease Obligation

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74.40

60.70

59.80

57.10

C&C Group Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															52.10	59.80	57.20	57.10	63.80

C&C Group (FRA:GCC) 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.

C&C Group Long-Term Capital Lease Obligation Related Terms

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C&C Group (FRA:GCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » C&C Group PLC (FRA:GCC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CCGPY:USA CGPZF:USA CCRl:UK CCR:UK

Address

Keeper Road, Bulmers House, Crumlin, Dublin, IRL, D12 K702

Website

https://www.candcgroupplc.com

C&C Group PLC manufactures cider and other alcoholic and nonalcoholic beverages, including beer, wine, soft drinks, and bottled water. The company's brands include Bulmers, Tennet's, Magners, Heverlee, Woodchuck, Hornsby's, Gaymers, Blackthorn, Tipperary, Finches, and Others. C&C also has distribution rights for numerous global brands owned by other companies. Its geographical segments are Ireland, Great Britain, and International, of which the majority of its revenue comes from Great Britain.