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Keells Foods Products (COL:KFP.N0000) Long-Term Capital Lease Obligation : රු3 Mil (As of Jun. 2024)


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What is Keells Foods Products Long-Term Capital Lease Obligation?

Keells Foods Products's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was රු3 Mil.

Keells Foods Products's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (රු4 Mil) to Mar. 2024 (රු3 Mil) and declined from Mar. 2024 (රු3 Mil) to Jun. 2024 (රු3 Mil).

Keells Foods Products's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (රු7 Mil) to Mar. 2023 (රු5 Mil) and declined from Mar. 2023 (රු5 Mil) to Mar. 2024 (රු3 Mil).


Keells Foods Products Long-Term Capital Lease Obligation Historical Data

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

Keells Foods Products Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.86 8.72 7.45 5.02 3.36

Keells Foods Products Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 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 4.75 4.48 4.18 3.36 3.03

Keells Foods Products  (COL:KFP.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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Keells Foods Products Business Description

Traded in Other Exchanges
N/A
Address
No. 16, Minuwangoda Road, Ekala, Ja-Ela, LKA
Keells Foods Products PLC produces and sells processed meat products. The company offers sausages, meatballs, pork, beef, crumbed as well as formed meat, Chinese rolls, and canned products. The company generates the majority of its total revenue from Sri Lanka.

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