Mission Produce (Mission Produce) Long-Term Capital Lease Obligation : $90.4 Mil (As of Jan. 2024)

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What is Mission Produce Long-Term Capital Lease Obligation?

Mission Produce's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $90.4 Mil.

Mission Produce's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 ($87.5 Mil) to Oct. 2023 ($85.7 Mil) but then increased from Oct. 2023 ($85.7 Mil) to Jan. 2024 ($90.4 Mil).

Mission Produce's annual Long-Term Capital Lease Obligation increased from Oct. 2021 ($44.7 Mil) to Oct. 2022 ($65.3 Mil) and increased from Oct. 2022 ($65.3 Mil) to Oct. 2023 ($85.7 Mil).

Mission Produce Long-Term Capital Lease Obligation Historical Data

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

Mission Produce Annual Data

Trend

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

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4.60

3.30

44.70

65.30

85.70

Mission Produce Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															87.90	88.00	87.50	85.70	90.40

Mission Produce (NAS:AVO) 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.

Mission Produce Long-Term Capital Lease Obligation Related Terms

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Mission Produce (Mission Produce) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Mission Produce Inc (NAS:AVO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

5YM:Germany

Address

2710 Camino Del Sol, Oxnard, CA, USA, 93030

Website

https://www.missionproduce.com

Mission Produce Inc is engaged in the business of producing and distributing avocados, serving retail, wholesale, and food service customers. Also, the company provides additional services like ripening, bagging, custom packing, and logistical management. The company's operating segments include Marketing and Distribution and International Farming and Blueberries. It generates maximum revenue from the Marketing and Distribution segment. The Marketing and Distribution segment sources fruit mainly from growers and then distributes fruit through a distribution network.

Executives

Bryan E Giles	officer: CHIEF FINANCIAL OFFICER	C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Stephen J Barnard	director, officer: PRESIDENT AND CEO	C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Tony B Sarsam	director	850 76TH STREET SW, PO BOX 8700, GRAND RAPIDS MI 49518
Luis A Gonzalez	director, 10 percent owner	C/O MISSION PRODUCE,INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Juan R Wiesner	officer: See Remarks	C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Timothy Bulow	officer: President and COO	2710 CAMINO DEL SOL, OXNARD CA 93030
Bonnie Cruickshank Lind	director	3460 PRESTON RIDGE ROAD, ALPHARETTA GA 30005
Shaunte Danielle Mears-watkins	director	2710 CAMINO DEL SOL, OXNARD CA 93030
Joanne C Wu	officer: General Counsel and Secretary	C/O MISSION PRODUCE, INC., 2710 CAMINO DEL SOL, OXNARD CA 93030
Michael A Browne	officer: CHIEF OPERATING OFFICER	C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Jay A Pack	director	C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Steve A Beebe	director	C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Ross W Wileman	officer: See Remarks	C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Bruce C. Taylor	director, 10 percent owner	C/O TAYLOR FARMS, 911-B BLANCO CIRCLE, SALINAS CA 93901
Linda B Segre	director	2180 RUTHERFORD ROAD, CARLSBAD CA 92008