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Village Super Market Inc  (NAS:VLGEA) Capital Lease Obligation: $43 Mil (As of Apr. 2017)

Village Super Market Inc's long-term capital lease obligation for the quarter that ended in Apr. 2017 was $43 Mil.

Village Super Market Inc's quarterly long-term capital lease obligation declined from Oct. 2016 ($43 Mil) to Jan. 2017 ($43 Mil) and declined from Jan. 2017 ($43 Mil) to Apr. 2017 ($43 Mil).

Village Super Market Inc's annual long-term capital lease obligation declined from Jul. 2015 ($44 Mil) to Jul. 2016 ($43 Mil) and declined from Jul. 2016 ($43 Mil) to Jul. 2017 ($43 Mil).


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.

Village Super Market Inc Annual Data

Jul08 Jul09 Jul10 Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul17
Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.02 44.17 43.70 43.18 42.53

Village Super Market Inc Quarterly Data

Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17
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 43.18 43.05 42.88 42.71 42.53

Calculation

Capital lease obligations 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 current portion of a capital lease obligation is the portion of a long-term capital lease that is due over the next year.


Explanation

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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