Carmit Candy Industries (XTAE:CRMT) Long-Term Capital Lease Obligation : ₪6.1 Mil (As of Dec. 2024)

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What is Carmit Candy Industries Long-Term Capital Lease Obligation?

Carmit Candy Industries's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₪6.1 Mil.

Carmit Candy Industries's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (₪1.1 Mil) to Jun. 2024 (₪6.0 Mil) and increased from Jun. 2024 (₪6.0 Mil) to Dec. 2024 (₪6.1 Mil).

Carmit Candy Industries's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (₪2.1 Mil) to Dec. 2023 (₪1.1 Mil) but then increased from Dec. 2023 (₪1.1 Mil) to Dec. 2024 (₪6.1 Mil).

Carmit Candy Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Carmit Candy Industries'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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Carmit Candy Industries Long-Term Capital Lease Obligation Chart

Carmit Candy Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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4.12

3.03

2.09

1.14

6.10

Carmit Candy Industries Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										2.09	2.14	1.14	6.05	6.10

Carmit Candy Industries (XTAE:CRMT) 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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Carmit Candy Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Carmit Candy Industries Ltd (XTAE:CRMT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hayated 4 street, Industries area B.O 70026 Nof, Hagalil, ISR, 1789032

Website

https://www.carmit.com

Carmit Candy Industries Ltd is a confectionery manufacturer. It produces confectionery products for private label brands. Its products include chocolate coins, marshmallows, Dairy-free chocolate, lollipops and toffees, and chocolate bars, among others. It caters to industrial and professional markets in Israel and produces chocolate, which serves as raw material for the chocolate, ice cream, dairy, confectionery, bakery and other industries.