Greencore Group (LSE:GNC) Long-Term Capital Lease Obligation : £31 Mil (As of Sep. 2023)

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What is Greencore Group Long-Term Capital Lease Obligation?

Greencore Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was £31 Mil.

Greencore Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (£34 Mil) to Mar. 2023 (£34 Mil) but then declined from Mar. 2023 (£34 Mil) to Sep. 2023 (£31 Mil).

Greencore Group's annual Long-Term Capital Lease Obligation declined from Sep. 2021 (£42 Mil) to Sep. 2022 (£34 Mil) and declined from Sep. 2022 (£34 Mil) to Sep. 2023 (£31 Mil).

Greencore Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Greencore 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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Greencore Group Long-Term Capital Lease Obligation Chart

Greencore Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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46.60

42.00

33.60

30.70

Greencore Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															42.00	38.20	33.60	33.90	30.70

Greencore Group (LSE:GNC) 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.

Greencore Group Long-Term Capital Lease Obligation Related Terms

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Greencore Group (LSE:GNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Greencore Group PLC (LSE:GNC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GNCGY:USA GNCGF:USA GNCl:UK GCG:Germany GCG:Germany

Address

No. 2 Northwood Avenue, Northwood Business Park, Santry, Dublin, IRL, D09 X5N9

Website

http://www.greencore.com

Greencore Group PLC is a convenience food manufacturer that supplies chilled and frozen food to customers based in U.K. and the U.S. The company's operating business segment is Convenience Foods UK & Ireland. The UK Convenience Food categories including sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire Puddings and cakes and desserts categories as well as the Irish Ingredients trading business.

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