Central Garden & Pet Co (Central Garden & Pet Co) Long-Term Capital Lease Obligation : $137 Mil (As of Dec. 2023)

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What is Central Garden & Pet Co Long-Term Capital Lease Obligation?

Central Garden & Pet Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $137 Mil.

Central Garden & Pet Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($132 Mil) to Sep. 2023 ($136 Mil) and increased from Sep. 2023 ($136 Mil) to Dec. 2023 ($137 Mil).

Central Garden & Pet Co's annual Long-Term Capital Lease Obligation increased from Sep. 2021 ($130 Mil) to Sep. 2022 ($148 Mil) but then declined from Sep. 2022 ($148 Mil) to Sep. 2023 ($136 Mil).

Central Garden & Pet Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Central Garden & Pet Co'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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Central Garden & Pet Co Long-Term Capital Lease Obligation Chart

Central Garden & Pet Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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86.52

130.13

147.72

135.62

Central Garden & Pet Co 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	Get a 7-Day Free Trial															145.26	135.70	132.42	135.62	136.71

Central Garden & Pet Co (NAS:CENTA) 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.

Central Garden & Pet Co Long-Term Capital Lease Obligation Related Terms

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Central Garden & Pet Co (Central Garden & Pet Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Central Garden & Pet Co (NAS:CENTA) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CENT:USA GP7:Germany

Address

1340 Treat Boulevard, Suite 600, Walnut Creek, CA, USA, 94597

Website

https://www.central.com

Central Garden & Pet Co understands that home is central to life and has nurtured happy and healthy homes for over forty years. The segments of the company are the pet segment and garden segment. The company's trusted products are dedicated to helping lawns grow greener, gardens bloom bigger, pets live healthier and communities grow stronger. Central is home to a portfolio of more than sixty-five brands including Pennington, Nylabone, Kaytee, Amdro, and Aqueon, manufacturing and distribution capabilities, and a passionate, entrepreneurial growth culture. Central Garden and Pet is based in Walnut Creek, California, and has offices across North America and Europe.

Executives

Joyce M. Mccarthy	officer: General Counsel	C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BOULEVARD, SUITE 600, WALNUT CREEK CA 94597
Lisa Coleman	director	C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BLVD STE 600, WALNUT CREEK CA 94597
Chun Courtnee A	director	12300 LIBERTY BLVD., ENGLEWOOD CO 80112
Daniel P. Myers	director	C/O KRAFT FOODS INC., THREE LAKES DRIVE, NORTHFIELD IL 60093
Walker John D. Iii	officer: President, Garden Consumer Pro	C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BLVD STE 600, WALNUT CREEK CA 94597
Brendan Dougher	director	C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BOULEVARD, SUITE 600, WALNUT CREEK CA 94597
Timothy P. Cofer	director, officer: CEO	6425 HALL OF FAME LANE, FRISCO TX 75034
Michael J Griffith	director	DAVE & BUSTER'S ENTERTAINMENT, INC., 2481 MANANA DRIVE, DALLAS TX 75220
Christopher T Metz	director	BLACK & DECKER CORP, 701 EAST JOPPA ROAD, TOWSON MD 21286
John Edward Hanson	director	C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BOULEVARD, SUITE 600, WALNUT CREEK CA 94597
William Lawrence Lynch	officer: Senior Vice President	C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BLOULEVARD SUITE 600, WALNUT CREEK CA 94597
Michael Edwards	director	BORDERS GROUP, INC., 100 PHOENIX DRIVE, ANN ARBOR MI 48108
Nicholas Lahanas	officer: Chief Financial Officer	4666 MISSION AVENUE, SUITE 1, SAN DIEGO CA 92116
Andrew K. Woeber	director	C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BOULEVARD, SUITE 600, WALNUT CREEK CA 94597
Kay Schwichtenberg	officer: Executive Vice President	C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BOULEVARD, SUITE 600, WALNUT CREEK CA 94597