Packaging of America (FRA:PKA) Long-Term Capital Lease Obligation : €192 Mil (As of Mar. 2024)

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What is Packaging of America Long-Term Capital Lease Obligation?

Packaging of America's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €192 Mil.

Packaging of America's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€208 Mil) to Dec. 2023 (€202 Mil) and declined from Dec. 2023 (€202 Mil) to Mar. 2024 (€192 Mil).

Packaging of America's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€170 Mil) to Dec. 2022 (€232 Mil) but then declined from Dec. 2022 (€232 Mil) to Dec. 2023 (€202 Mil).

Packaging of America Long-Term Capital Lease Obligation Historical Data

The historical data trend for Packaging of America'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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Packaging of America Long-Term Capital Lease Obligation Chart

Packaging of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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174.24

154.54

169.92

231.66

202.47

Packaging of America 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															219.86	213.86	208.30	202.47	192.28

Packaging of America (FRA:PKA) 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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Packaging of America (FRA:PKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Packaging Corp of America (FRA:PKA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PKG:USA

Address

1 North Field Court, Lake Forest, IL, USA, 60045

Website

https://www.packagingcorp.com

Packaging Corp of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 4 million tons of containerboard annually. The company's share of the domestic containerboard market is roughly 10%. The firm differentiates itself from larger competitors by focusing on smaller customers and operating with a high degree of flexibility.

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