Monde Nissin (PHS:MONDE) Long-Term Capital Lease Obligation : ₱2,583 Mil (As of Mar. 2024)

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What is Monde Nissin Long-Term Capital Lease Obligation?

Monde Nissin's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱2,583 Mil.

Monde Nissin's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₱2,613 Mil) to Dec. 2023 (₱2,594 Mil) and declined from Dec. 2023 (₱2,594 Mil) to Mar. 2024 (₱2,583 Mil).

Monde Nissin's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₱2,662 Mil) to Dec. 2022 (₱2,423 Mil) but then increased from Dec. 2022 (₱2,423 Mil) to Dec. 2023 (₱2,594 Mil).

Monde Nissin Long-Term Capital Lease Obligation Historical Data

The historical data trend for Monde Nissin'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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Monde Nissin Long-Term Capital Lease Obligation Chart

Monde Nissin Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2,013.13

2,674.96

2,661.58

2,423.50

2,593.75

Monde Nissin Quarterly Data
	Dec18	Dec19	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													2,382.31	2,614.47	2,612.93	2,593.75	2,583.05

Monde Nissin (PHS:MONDE) 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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Monde Nissin (PHS:MONDE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Monde Nissin Corp (PHS:MONDE) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

MNDDF:USA

Address

Felix Reyes Street, Barangay Balibago, Sta Rosa, LAG, PHL, 4026

Website

https://mondenissin.com

Monde Nissin Corp is engaged in the food manufacturing industry in the Philippines. Its portfolio comprises Asia-Pacific Branded Food and Beverage (APAC BFB) Business and Meat Alternative Business. The APAC BFB Business consists of three product groups: instant noodles, biscuits, and other products (such as beverages, baked goods, and culinary aids). Its Meat Alternative Business sells its products globally under Quorn Foods and the Quorn brand. Geographically the company operates in the Philippines, Thailand, New Zealand, Singapore, and the United Kingdom.

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