Switch to:

General Mills Long-Term Capital Lease Obligation

: $277 Mil (As of May. 2020)
View and export this data going back to 1952. Start your Free Trial

General Mills's Long-Term Capital Lease Obligation for the quarter that ended in May. 2020 was $277 Mil.

General Mills's quarterly Long-Term Capital Lease Obligation stayed the same from Nov. 2019 ($0 Mil) to Feb. 2020 ($0 Mil) but then increased from Feb. 2020 ($0 Mil) to May. 2020 ($277 Mil).

General Mills's annual Long-Term Capital Lease Obligation stayed the same from May. 2018 ($0 Mil) to May. 2019 ($0 Mil) but then increased from May. 2019 ($0 Mil) to May. 2020 ($277 Mil).

General Mills Long-Term Capital Lease Obligation Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

General Mills Annual Data
May11 May12 May13 May14 May15 May16 May17 May18 May19 May20
Long-Term Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 277.00

General Mills Quarterly Data
Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20
Long-Term Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 277.00

General Mills  (NYSE:GIS) 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.

General Mills Long-Term Capital Lease Obligation Related Terms

General Mills Long-Term Capital Lease Obligation Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)