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Carreras (XJAM:CAR) Long-Term Capital Lease Obligation : JMD234 Mil (As of Mar. 2023)


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What is Carreras Long-Term Capital Lease Obligation?

Carreras's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was JMD234 Mil.

Carreras's quarterly Long-Term Capital Lease Obligation declined from Mar. 2021 (JMD262 Mil) to Mar. 2022 (JMD225 Mil) but then increased from Mar. 2022 (JMD225 Mil) to Mar. 2023 (JMD234 Mil).

Carreras's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (JMD262 Mil) to Mar. 2022 (JMD225 Mil) but then increased from Mar. 2022 (JMD225 Mil) to Mar. 2023 (JMD234 Mil).


Carreras Long-Term Capital Lease Obligation Historical Data

The historical data trend for Carreras'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.

* Premium members only.

Carreras Long-Term Capital Lease Obligation Chart

Carreras Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 206.65 261.60 225.35 233.80

Carreras Semi-Annual Data
Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 206.65 261.60 225.35 233.80

Carreras  (XJAM:CAR) 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.

Carreras Long-Term Capital Lease Obligation Related Terms

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Carreras Business Description

Industry
Traded in Other Exchanges
N/A
Address
13A Ripon Road, Kingston, JAM, 5
Carreras Ltd is a marketer and distributor of cigarettes and tobacco-related products in Jamaica. The company markets and distributes various brands of cigarettes including Craven A and Matterhorn. The group's activities are limited to the distribution of cigarettes to Jamaican consumers, operating in a single segment.