Grupo HerdezB de CV (MEX:HERDEZ) Long-Term Capital Lease Obligation : MXN453 Mil (As of Mar. 2024)

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

Grupo HerdezB de CV's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was MXN453 Mil.

Grupo HerdezB de CV's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (MXN557 Mil) to Dec. 2023 (MXN525 Mil) and declined from Dec. 2023 (MXN525 Mil) to Mar. 2024 (MXN453 Mil).

Grupo HerdezB de CV's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (MXN672 Mil) to Dec. 2022 (MXN480 Mil) but then increased from Dec. 2022 (MXN480 Mil) to Dec. 2023 (MXN525 Mil).

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

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

Grupo HerdezB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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587.21

471.10

672.14

479.79

525.30

Grupo HerdezB 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															483.50	498.12	557.20	525.30	452.73

Grupo HerdezB de CV (MEX:HERDEZ) 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 HerdezB de CV (MEX:HERDEZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grupo Herdez SAB de CV (MEX:HERDEZ) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

GUZOF:USA

Address

Monte Pelvaoux 215, Col. Lomas de Chapultepec, Miguel Hidalgo, Mexico, MEX, 11000

Website

http://www.grupoherdez.com.mx

Grupo Herdez SAB de CV specialises in the processed food and ice cream industries, with its operations primarily in Mexico. The company engages in the manufacturing, purchasing, distributing, and marketing of canned and packaged food products in Mexico, as well as food products at the Mexican food segment within the United States. Product segments include burritos, canned vegetables, frozen yogurt, guacamole, and home-style salsas. Products are then sold through a variety of brands, such as Aires de Campo, Barilla, Bufalo and many more.

Grupo HerdezB de CV (MEX:HERDEZ) Headlines

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