Sucro (TSXV:SUG) Long-Term Capital Lease Obligation : C$16.1 Mil (As of Mar. 2024)

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What is Sucro Long-Term Capital Lease Obligation?

Sucro's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$16.1 Mil.

Sucro's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$0.0 Mil) to Dec. 2023 (C$15.8 Mil) and increased from Dec. 2023 (C$15.8 Mil) to Mar. 2024 (C$16.1 Mil).

Sucro's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$7.8 Mil) to Dec. 2022 (C$6.8 Mil) but then increased from Dec. 2022 (C$6.8 Mil) to Dec. 2023 (C$15.8 Mil).

Sucro Long-Term Capital Lease Obligation Historical Data

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

Sucro Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

7.76

6.81

15.84

Sucro Quarterly Data
	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	-	15.84	16.10

Sucro (TSXV:SUG) 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.

Sucro Long-Term Capital Lease Obligation Related Terms

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Sucro (TSXV:SUG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sucro Ltd (TSXV:SUG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

2020 Ponce de Leon Blvd, Suite 1204, Coral Gables, FL, USA, 33134

Website

https://www.sucro.us

Sucro Ltd is a growth-oriented sugar company that operates throughout the Americas, with a primary focus on serving the North American sugar market. The Company operates a highly integrated and interconnected sugar supply business, utilizing the entire sugar supply chain to service its customer. The Company's operations are classified into two reportable business segments which is Trade and Services. The Trade segment is a business focusing on capturing profits through sourcing, merchandising, and managing logistics of sugar. The Company's asset-based services business provides tolling (refining, processing, handling, packaging, and quality assurance), storage, and other services primarily to the Trade segment.

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