Food & Life (FRA:2G0) Long-Term Capital Lease Obligation : €684 Mil (As of Mar. 2024)

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What is Food & Life Long-Term Capital Lease Obligation?

Food & Life's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €684 Mil.

Food & Life's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€727 Mil) to Dec. 2023 (€718 Mil) and declined from Dec. 2023 (€718 Mil) to Mar. 2024 (€684 Mil).

Food & Life's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (€741 Mil) to Sep. 2022 (€745 Mil) but then declined from Sep. 2022 (€745 Mil) to Sep. 2023 (€727 Mil).

Food & Life Long-Term Capital Lease Obligation Historical Data

The historical data trend for Food & Life'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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Food & Life Long-Term Capital Lease Obligation Chart

Food & Life Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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4.86

634.06

741.46

744.54

726.87

Food & Life 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															758.22	718.93	726.87	717.74	684.25

Food & Life (FRA:2G0) 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.

Food & Life Long-Term Capital Lease Obligation Related Terms

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Food & Life (FRA:2G0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Food & Life Companies Ltd (FRA:2G0) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

SGLOF:USA 3563:Japan

Address

1-22-2 Esaka-cho, Osaka Prefecture, Suita, JPN, 564-0063

Website

https://www.food-and-life.co.jp

Food & Life Companies Ltd owns and operates a revolving sushi-style restaurant chain. The company operates under the Sushiro brand. It has operations in Japan, Korea, Taiwan, Hong Kong, Singapore, and Thailand.

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