Premium Brands Holdings (TSX:PBH) Long-Term Capital Lease Obligation : C$598 Mil (As of Mar. 2024)

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What is Premium Brands Holdings Long-Term Capital Lease Obligation?

Premium Brands Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$598 Mil.

Premium Brands Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$572 Mil) to Dec. 2023 (C$583 Mil) and increased from Dec. 2023 (C$583 Mil) to Mar. 2024 (C$598 Mil).

Premium Brands Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$477 Mil) to Dec. 2022 (C$589 Mil) but then declined from Dec. 2022 (C$589 Mil) to Dec. 2023 (C$583 Mil).

Premium Brands Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Premium Brands Holdings'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.

Premium Brands Holdings Long-Term Capital Lease Obligation Chart

Premium Brands Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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303.20

342.70

477.40

589.30

583.40

Premium Brands Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															592.30	578.00	571.90	583.40	597.80

Premium Brands Holdings (TSX:PBH) 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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Premium Brands Holdings (TSX:PBH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Premium Brands Holdings Corp (TSX:PBH) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PRBZF:USA

Address

100 - 10991 Shellbridge Way, Richmond, BC, CAN, V6X 3C6

Website

https://www.premiumbrandsholdings.com

Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company's business segments include Specialty Foods, Premium Food Distribution, and Corporate. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company's distribution and wholesale businesses; the Corporate segment includes the company's head office activities along with its finance and information systems. Its geographical segments are the United States and Canada.