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Renuka Foods (COL:COCO.N0000) Long-Term Capital Lease Obligation : රු0.00 Mil (As of . 20)


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What is Renuka Foods Long-Term Capital Lease Obligation?

Renuka Foods's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was රු0.00 Mil.


Renuka Foods Long-Term Capital Lease Obligation Historical Data

The historical data trend for Renuka Foods'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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Renuka Foods Long-Term Capital Lease Obligation Chart

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Renuka Foods  (COL:COCO.N0000) 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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Renuka Foods (COL:COCO.N0000) Business Description

Traded in Other Exchanges
N/A
Address
Number 69, Sri Jinarathana Road, Renuka House, Colombo, LKA, 02
Renuka Foods PLC is a Sri Lanka-based food and beverage company. Along with its subsidiaries, the firm operates in two business segments: Agrifood exports and Consumer Brands. The agri-food segment involves the manufacturing and export of agri-based products. The Consumer Brands segment involves the manufacture and distribution of consumer brands, generating maximum revenue for the group. Geographically the company generates the majority of its revenue from Srilanka.

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