GraceKennedy (TRN:GKC) Long-Term Capital Lease Obligation : TTD0 Mil (As of Mar. 2024)

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What is GraceKennedy Long-Term Capital Lease Obligation?

GraceKennedy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was TTD0 Mil.

GraceKennedy's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (TTD0 Mil) to Dec. 2023 (TTD311 Mil) but then declined from Dec. 2023 (TTD311 Mil) to Mar. 2024 (TTD0 Mil).

GraceKennedy's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (TTD347 Mil) to Dec. 2022 (TTD291 Mil) but then increased from Dec. 2022 (TTD291 Mil) to Dec. 2023 (TTD311 Mil).

GraceKennedy Long-Term Capital Lease Obligation Historical Data

The historical data trend for GraceKennedy'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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GraceKennedy Long-Term Capital Lease Obligation Chart

GraceKennedy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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328.84

347.90

347.45

291.40

311.11

GraceKennedy 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															-	-	-	311.11	-

GraceKennedy (TRN:GKC) 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.

GraceKennedy Long-Term Capital Lease Obligation Related Terms

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GraceKennedy (TRN:GKC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » GraceKennedy Ltd (TRN:GKC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GK:Jamaica

Address

42-56 Harbour Street, Kingston, JAM

Website

https://www.gracekennedy.com

GraceKennedy Ltd engages in the food and financial services business. The company has four reportable segments namely Food Trading, Banking and Investments, Insurance and Money Services. The food Trading segment includes the processing and distribution of food products. It generates maximum revenue from the Food Trading segment. Geographically, it derives the majority revenue from Jamaica and also has a presence in the United Kingdom, the United States of America, Canada, Other Caribbean countries, Other European countries, Africa and Other Countries.

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