Mondi (LSE:MNDI) Long-Term Capital Lease Obligation : £90 Mil (As of Dec. 2023)

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What is Mondi Long-Term Capital Lease Obligation?

Mondi's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £90 Mil.

Mondi's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£95 Mil) to Jun. 2023 (£93 Mil) and declined from Jun. 2023 (£93 Mil) to Dec. 2023 (£90 Mil).

Mondi's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£156 Mil) to Dec. 2022 (£95 Mil) and declined from Dec. 2022 (£95 Mil) to Dec. 2023 (£90 Mil).

Mondi Long-Term Capital Lease Obligation Historical Data

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

Mondi Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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163.62

152.96

156.35

94.80

89.60

Mondi Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															156.35	95.28	94.80	92.67	89.60

Mondi (LSE:MNDI) 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.

Mondi Long-Term Capital Lease Obligation Related Terms

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Mondi (LSE:MNDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Mondi PLC (LSE:MNDI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MNP:South Africa MONDY:USA MONDF:USA MNDIl:UK KYC:Germany

Address

The Heights, Brooklands, Ground Floor, Building 5, Weybridge, Surrey, GBR, KT13 0NY

Website

https://www.mondigroup.com

Mondi PLC makes and sells packaging and paper products. The company's segment includes Corrugated Packaging; Flexible Packaging and Uncoated Fine Paper. It generates maximum revenue from the Flexible Packaging segment. Flexible Packaging segment includes Kraft paper; Paper bags; Consumer flexibles; Functional paper and films and Pulp. The majority of revenue comes from Europe.

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