Fortune Brands Innovations (MEX:FBIN) Long-Term Capital Lease Obligation : MXN2,516 Mil (As of Sep. 2024)

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What is Fortune Brands Innovations Long-Term Capital Lease Obligation?

Fortune Brands Innovations's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was MXN2,516 Mil.

Fortune Brands Innovations's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 (MXN2,332 Mil) to Jun. 2024 (MXN2,460 Mil) and increased from Jun. 2024 (MXN2,460 Mil) to Sep. 2024 (MXN2,516 Mil).

Fortune Brands Innovations's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (MXN2,232 Mil) to Dec. 2022 (MXN1,860 Mil) but then increased from Dec. 2022 (MXN1,860 Mil) to Dec. 2023 (MXN2,432 Mil).

Fortune Brands Innovations Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fortune Brands Innovations'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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Fortune Brands Innovations Long-Term Capital Lease Obligation Chart

Fortune Brands Innovations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2,636.63

2,794.83

2,231.92

1,859.92

2,432.41

Fortune Brands Innovations Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,604.28	2,432.41	2,331.77	2,460.39	2,516.42

Fortune Brands Innovations (MEX:FBIN) 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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Fortune Brands Innovations Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Fortune Brands Innovations Inc (MEX:FBIN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

FBIN:USA 0IRN:UK 2FB:Germany

Address

520 Lake Cook Road, Suite 300, Deerfield, IL, USA, 60015-5611

Website

https://www.fbin.com

Fortune Brands Innovations is a leading home and security products company that has three reportable segments. The company's $2.6 billion water segment, led by the Moen brand, sells faucets, showers, and other plumbing fixtures; the $1.3 billion outdoors segment primarily sells entry doors under the Therma-Tru brand name and Fiberon-branded patio decking; and the $723 million security segment sells locks and other security devices under the Master Lock, SentrySafe, Yale, and August brand names.