Associated British Foods (LSE:ABF) Long-Term Capital Lease Obligation : £2,819 Mil (As of Feb. 2024)

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What is Associated British Foods Long-Term Capital Lease Obligation?

Associated British Foods's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was £2,819 Mil.

Associated British Foods's quarterly Long-Term Capital Lease Obligation declined from Feb. 2023 (£2,865 Mil) to Aug. 2023 (£2,825 Mil) and declined from Aug. 2023 (£2,825 Mil) to Feb. 2024 (£2,819 Mil).

Associated British Foods's annual Long-Term Capital Lease Obligation declined from Aug. 2021 (£2,992 Mil) to Aug. 2022 (£2,936 Mil) and declined from Aug. 2022 (£2,936 Mil) to Aug. 2023 (£2,825 Mil).

Associated British Foods Long-Term Capital Lease Obligation Historical Data

The historical data trend for Associated British Foods'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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Associated British Foods Long-Term Capital Lease Obligation Chart

Associated British Foods Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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13.00

3,342.00

2,992.00

2,936.00

2,825.00

Associated British Foods Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2,849.00	2,936.00	2,865.00	2,825.00	2,819.00

Associated British Foods (LSE:ABF) 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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Associated British Foods (LSE:ABF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Associated British Foods PLC (LSE:ABF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ASBFY:USA ASBFF:USA ABFl:UK AFO1:Germany

Address

10 Grosvenor Street, Weston Centre, London, GBR, W1K 4QY

Website

https://www.abf.co.uk

Associated British Foods is a diversified international retail, food, and ingredients group with 130,000 employees and operations in 50 countries across Europe, southern Africa, the Americas, Asia, and Australia. The group sells branded grocery products, grows and processes sugar, supplies farmers with crop input and animal feed, and runs the popular Primark clothing retail chain. It also supplies ingredients like baker's yeast, enzymes, lipids, and cereal specialities. Some 40% of sales are in the U.K., and Primark generates more than half of the firm's operating profit.

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