Constellation Brands (FRA:CB1A) Long-Term Capital Lease Obligation : €546 Mil (As of Feb. 2024)

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What is Constellation Brands Long-Term Capital Lease Obligation?

Constellation Brands's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was €546 Mil.

Constellation Brands's quarterly Long-Term Capital Lease Obligation stayed the same from Aug. 2023 (€0 Mil) to Nov. 2023 (€0 Mil) but then increased from Nov. 2023 (€0 Mil) to Feb. 2024 (€546 Mil).

Constellation Brands's annual Long-Term Capital Lease Obligation declined from Feb. 2022 (€403 Mil) to Feb. 2023 (€390 Mil) but then increased from Feb. 2023 (€390 Mil) to Feb. 2024 (€546 Mil).

Constellation Brands Long-Term Capital Lease Obligation Historical Data

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

Constellation Brands Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Long-Term Capital Lease Obligation

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443.46

389.60

402.88

389.85

545.73

Constellation Brands Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															389.85	-	-	-	545.73

Constellation Brands (FRA:CB1A) 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.

Constellation Brands Long-Term Capital Lease Obligation Related Terms

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Constellation Brands (FRA:CB1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Constellation Brands Inc (FRA:CB1A) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

STZ:USA STZ:Mexico STZB34:Brazil STZ:Austria

Address

207 High Point Drive, Building 100, Victor, New York, NY, USA, 14564

Website

https://www.cbrands.com

Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the U.S., generating 80% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company continue to prune assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the U.S., the firm has small revenue exposure to international markets. Constellation owns a 36% stake in no-moat Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.

Constellation Brands (FRA:CB1A) Headlines

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