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Seprod (XJAM:SEP) Long-Term Capital Lease Obligation : JMD1,408 Mil (As of Jun. 2023)


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What is Seprod Long-Term Capital Lease Obligation?

Seprod's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was JMD1,408 Mil.

Seprod's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (JMD1,601 Mil) to Dec. 2022 (JMD1,721 Mil) but then declined from Dec. 2022 (JMD1,721 Mil) to Jun. 2023 (JMD1,408 Mil).

Seprod's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (JMD240 Mil) to Dec. 2021 (JMD94 Mil) but then increased from Dec. 2021 (JMD94 Mil) to Dec. 2022 (JMD1,721 Mil).

Seprod Long-Term Capital Lease Obligation Historical Data

The historical data trend for Seprod'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.

Seprod Long-Term Capital Lease Obligation Chart

Seprod Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1,105.37 239.90 94.18 1,720.53

Seprod Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Dec22 Jun23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 94.18 71.93 1,600.76 1,720.53 1,407.71

Seprod  (XJAM:SEP) 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.

Seprod Long-Term Capital Lease Obligation Related Terms

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Seprod (XJAM:SEP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Seprod Ltd (XJAM:SEP) » Definitions » Long-Term Capital Lease Obligation
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XJAM:GK XJAM:SALF XSWX:NESN KHC GIS XPAR:BN SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF BIMBOA HRL K MKC SGX:F34 SAU:2280 DUB:KRZ HKSE:02319
Traded in Other Exchanges
N/A
Address
3 Felix Fox Boulevard, Kingston, JAM
Website
https://www.seprod.com
Seprod Ltd manufactures and sells edible oils and fats, corn products, cereals, milk products, juices, sugar, and biscuits. The company's product portfolio includes oils and fats, cookies and crackers, milk products, milk beverages, juice beverages, canned meats and fish, sauces and seasonings, canned vegetables, jams and jellies, pasta, hot beverages, corn and cornmeal and sugar. Its products City under various brands including Betty, Chiffon, Gold Seal, Gourmet, Serge, Butterkist, Cool Fruit, Primrose, Dairy Maid, Swizzle, Chef, and Pronto, among others. The company is a merchandiser of consumer goods. Its operating segments are Manufacturing and Distribution, of which a majority of the revenue is derived from the Distribution segment.