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Borges Agricultural & Industrial Nuts (XMAD:BAIN) Long-Term Capital Lease Obligation : €7.3 Mil (As of Nov. 2023)


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What is Borges Agricultural & Industrial Nuts Long-Term Capital Lease Obligation?

Borges Agricultural & Industrial Nuts's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was €7.3 Mil.

Borges Agricultural & Industrial Nuts's quarterly Long-Term Capital Lease Obligation increased from Nov. 2022 (€7.1 Mil) to May. 2023 (€7.4 Mil) but then declined from May. 2023 (€7.4 Mil) to Nov. 2023 (€7.3 Mil).

Borges Agricultural & Industrial Nuts's annual Long-Term Capital Lease Obligation declined from May. 2021 (€7.1 Mil) to May. 2022 (€7.1 Mil) but then increased from May. 2022 (€7.1 Mil) to May. 2023 (€7.4 Mil).


Borges Agricultural & Industrial Nuts Long-Term Capital Lease Obligation Historical Data

The historical data trend for Borges Agricultural & Industrial Nuts'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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Borges Agricultural & Industrial Nuts Long-Term Capital Lease Obligation Chart

Borges Agricultural & Industrial Nuts Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 6.72 7.12 7.08 7.39

Borges Agricultural & Industrial Nuts Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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 7.23 7.08 7.15 7.39 7.27

Borges Agricultural & Industrial Nuts  (XMAD:BAIN) 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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Borges Agricultural & Industrial Nuts (XMAD:BAIN) Business Description

Traded in Other Exchanges
N/A
Address
Calle Flix, 29, Reus, ESP, 43205
Borges Agricultural & Industrial Nuts SA grows, produces, processes, packages, sales, and exports dried fruits and nuts. It offers peanuts, almonds, pistachios, walnuts, hazelnuts, cashew nuts, pecans, macadamia nuts, pine nuts and tiger nuts, and others; and dried apricots, dates, prunes, coconut, papaya, pineapple, cranberries and raisins, and others.

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