Costa Group Holdings (ASX:CGC) Long-Term Capital Lease Obligation : A$0 Mil (As of Jun. 2023)

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What is Costa Group Holdings Long-Term Capital Lease Obligation?

Costa Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0 Mil.

Costa Group Holdings's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (A$0 Mil) to Dec. 2022 (A$510 Mil) but then declined from Dec. 2022 (A$510 Mil) to Jun. 2023 (A$0 Mil).

Costa Group Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (A$284 Mil) to Dec. 2021 (A$519 Mil) but then declined from Dec. 2021 (A$519 Mil) to Dec. 2022 (A$510 Mil).

Costa Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Costa Group 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.

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Costa Group Holdings Long-Term Capital Lease Obligation Chart

Costa Group Holdings Annual Data

Trend

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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259.81

283.95

518.93

510.03

Costa Group Holdings Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											-	518.93	-	510.03	-

Costa Group Holdings (ASX:CGC) 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.

Costa Group Holdings Long-Term Capital Lease Obligation Related Terms

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Costa Group Holdings (ASX:CGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Costa Group Holdings Ltd (ASX:CGC) » Definitions » Long-Term Capital Lease Obligation

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CTTQF:USA

Address

275 Robinsons Road, Unit 1, Ravenhall, VIC, AUS, VIC 3023

Website

https://www.costagroup.com.au

Costa Group is the largest fresh produce company in Australia, with an estimated market share of over 15%, principally supplying fresh fruit and vegetables to the major Australian supermarkets. While supplemented by third-party growers, the firm's products are predominantly sourced from around 7,200 planted hectares of farmland, 40 hectares of tomato glasshouse facilities, and mushroom-growing facilities across Australia. Costa also operates berry farms in Morocco and China as part of its international business.