Edita Food Industries S.A.E (LSE:EFID) Long-Term Capital Lease Obligation : $4.24 Mil (As of Dec. 2023)

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What is Edita Food Industries S.A.E Long-Term Capital Lease Obligation?

Edita Food Industries S.A.E's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.24 Mil.

Edita Food Industries S.A.E's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($4.41 Mil) to Sep. 2023 ($4.24 Mil) but then increased from Sep. 2023 ($4.24 Mil) to Dec. 2023 ($4.24 Mil).

Edita Food Industries S.A.E's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($3.29 Mil) to Dec. 2022 ($4.15 Mil) and increased from Dec. 2022 ($4.15 Mil) to Dec. 2023 ($4.24 Mil).

Edita Food Industries S.A.E Long-Term Capital Lease Obligation Historical Data

The historical data trend for Edita Food Industries S.A.E'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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Edita Food Industries S.A.E Long-Term Capital Lease Obligation Chart

Edita Food Industries S.A.E Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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3.98

3.29

4.15

4.24

Edita Food Industries S.A.E Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.70	4.41	4.24	4.24	-

Edita Food Industries S.A.E (LSE:EFID) 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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Edita Food Industries S.A.E Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Edita Food Industries S.A.E (LSE:EFID) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

EFID:Egypt

Address

Edita Group Building, P.O. Box 64, Plot no. 13 - Central Pivot, El Sheikh Zayed, Cairo, EGY, 12588

Website

https://www.edita.com.eg

Edita Food Industries S.A.E is a consumer goods company with a presence in Egypt and the Middle East. The company manufactures, produces, and packages food and snack products. Edita operates across six segments: bakery, cakes, rusks, wafers, candy, and biscuits. The cakes segment contributes a substantial percentage of company sales. Some major brands include Molto, TODO, Bake Rolz, and Twinkies. The company has a vast distribution network of wholesalers and retailers in the Middle East and North Africa and sells its products to more than seventeen regional markets.

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