Grupo GiganteB de CV (Grupo GiganteB de CV) Long-Term Capital Lease Obligation : $289 Mil (As of Mar. 2024)

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What is Grupo GiganteB de CV Long-Term Capital Lease Obligation?

Grupo GiganteB de CV's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $289 Mil.

Grupo GiganteB de CV's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($246 Mil) to Dec. 2023 ($297 Mil) but then declined from Dec. 2023 ($297 Mil) to Mar. 2024 ($289 Mil).

Grupo GiganteB de CV's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($188 Mil) to Dec. 2022 ($218 Mil) and increased from Dec. 2022 ($218 Mil) to Dec. 2023 ($297 Mil).

Grupo GiganteB de CV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Grupo GiganteB de CV'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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Grupo GiganteB de CV Long-Term Capital Lease Obligation Chart

Grupo GiganteB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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248.07

209.06

188.13

217.54

297.04

Grupo GiganteB de CV 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															259.13	259.74	246.30	297.04	289.32

Grupo GiganteB de CV (OTCPK:GPGNF) 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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Grupo GiganteB de CV (Grupo GiganteB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Grupo Gigante SAB de CV (OTCPK:GPGNF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GIGANTE:Mexico

Address

Av. Ejercito Nacional No. 769, Tower B, 12th Floor, Col. Granada, Demarcacion Miguel Hidalgo, Mexico, MEX, MEX, 11520

Website

http://www.grupogigante.com.mx

Grupo Gigante SAB de CV is an investment holding company. The company's operating segment includes Retail; Prisa distribution; Restaurants; Real Estate; Corporate, and Other. It generates maximum revenue from the Retail segment. The Retail segment mainly sells office supplies and furniture as well as office electronics and housewares. Its Restaurants segment operates a family restaurant chain and offers other related services. Geographically, it derives a majority of revenue from Mexico and also has a presence in Chile; Central America; Colombia, and the Caribbean.

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