Remy Cointreau (Remy Cointreau) Long-Term Capital Lease Obligation

: $28 Mil (As of Sep. 2023)

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Remy Cointreau's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $28 Mil.

Remy Cointreau's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($13 Mil) to Mar. 2023 ($31 Mil) but then declined from Mar. 2023 ($31 Mil) to Sep. 2023 ($28 Mil).

Remy Cointreau's annual Long-Term Capital Lease Obligation increased from Mar. 2021 ($14 Mil) to Mar. 2022 ($19 Mil) and increased from Mar. 2022 ($19 Mil) to Mar. 2023 ($31 Mil).

Remy Cointreau Long-Term Capital Lease Obligation Historical Data

The historical data trend for Remy Cointreau'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.

* Premium members only.

Remy Cointreau Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

25.54

18.45

13.81

18.72

30.62

Remy Cointreau 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																10.35	18.72	13.17	30.62	28.50

Remy Cointreau (OTCPK:REMYF) 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.

Remy Cointreau Long-Term Capital Lease Obligation Related Terms

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Remy Cointreau (Remy Cointreau) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Remy Cointreau (OTCPK:REMYF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

REMYY:USA 0MGU:UK RCOp:UK RCO:France RMC:Germany

Address

Rue Joseph Pataa, Cognac, FRA, 16100

Website

https://www.remy-cointreau.com

Remy Cointreau is the world's second-largest distiller of cognac by volume, with a 15.8% global volume share in 2022, according to Euromonitor. Cognac represented 72% of Remy's sales and 90% of EBIT in the same year. The remainder of Remy's portfolio is made up of much smaller group-owned brands, including Cointreau orange liqueur, Metaxa Greek spirit, Mount Gay rum, Bruichladdich single malt scotch, The Botanist gin, Hautes Glaces French whiskey, and Westland American whiskey. The company also distributes third-party brands and in 2023 entered the fragrance business. Remy is controlled by the Andromede family, which owns 41% equity interest and consolidates the business in the Andromede Group. The Cointreau family owns a further 27%, and 41% of the equity is free float.

Remy Cointreau (Remy Cointreau) Headlines

From GuruFocus

Remy-Cointreau a Great Company but Expensive Stock

By Holmes Osborne, CFA Holmes Osborne, CFA • 04-18-2016