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GrumaB de CV (GrumaB de CV) Long-Term Capital Lease Obligation : $306 Mil (As of Mar. 2024)


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What is GrumaB de CV Long-Term Capital Lease Obligation?

GrumaB de CV's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $306 Mil.

GrumaB de CV's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($312 Mil) to Dec. 2023 ($307 Mil) and declined from Dec. 2023 ($307 Mil) to Mar. 2024 ($306 Mil).

GrumaB de CV's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($282 Mil) to Dec. 2022 ($318 Mil) but then declined from Dec. 2022 ($318 Mil) to Dec. 2023 ($307 Mil).

GrumaB de CV Long-Term Capital Lease Obligation Historical Data

The historical data trend for GrumaB de CV'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.

GrumaB de CV Long-Term Capital Lease Obligation Chart

GrumaB de CV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 232.52 298.88 281.54 318.31 306.75

GrumaB de CV Quarterly Data
Jun19 Sep19 Dec19 Mar20 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 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 312.32 310.03 311.83 306.75 306.01

GrumaB de CV  (GREY:GMKKY) 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.

GrumaB de CV Long-Term Capital Lease Obligation Related Terms

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GrumaB de CV (GrumaB de CV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gruma SAB de CV (GREY:GMKKY) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
GPAGF:USA GRUMAB:Mexico 3G3B:Germany
Address
Calzada del Valle, 407 Ote., Colonia Del Valle, San Pedro Garza Garcia, NL, MEX, 66220
Website
http://www.gruma.com
Gruma SAB de CV is an international food production company, originally from Mexico. The product portfolio is large: corn and flour tortillas, wheat flour, naan, pita bread, flatbreads, wraps, chapatti, and pizza bases, along with other food products, such as snacks, pasta, rice, condiments, and palm hearts. The company has operations in America, Europe, Asia, and Oceania, and is present in over 100 countries across the globe. Its well-known brands are Maseca, Robin Hood, Mission, Guerrero, Tortiricas and Tosty.