Lancaster Colony (FRA:LC1) Long-Term Capital Lease Obligation : €11 Mil (As of Mar. 2024)

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What is Lancaster Colony Long-Term Capital Lease Obligation?

Lancaster Colony's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €11 Mil.

Lancaster Colony's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€14 Mil) to Dec. 2023 (€12 Mil) and declined from Dec. 2023 (€12 Mil) to Mar. 2024 (€11 Mil).

Lancaster Colony's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (€20 Mil) to Jun. 2022 (€23 Mil) but then declined from Jun. 2022 (€23 Mil) to Jun. 2023 (€18 Mil).

Lancaster Colony Long-Term Capital Lease Obligation Historical Data

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

Lancaster Colony Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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17.29

19.83

23.47

17.74

Lancaster Colony 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															16.31	17.74	14.32	12.22	10.59

Lancaster Colony (FRA:LC1) 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.

Lancaster Colony Long-Term Capital Lease Obligation Related Terms

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Lancaster Colony (FRA:LC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lancaster Colony Corp (FRA:LC1) » Definitions » Long-Term Capital Lease Obligation

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LANC:USA

Address

380 Polaris Parkway, Suite 400, Westerville, OH, USA, 43082

Website

http://www.lancastercolony.com

Lancaster Colony Corp is a manufacturer and marketer of speciality food products. The company's segments include Retail and Foodservice. By product segment, the company divides its portfolio into non frozen (roughly 70% of net sales) and frozen food. The key products and brands are salad dressing and sauces (Cardini's, Girard's, Marzetti), frozen garlic breads (New York Brand Bakery, Mamma Bella), vegetable dips and fruit dips (Marzetti), frozen parkerhouse-style yeast rolls and dinner rolls (Sister Schubert's, Mary B's), premium dry egg noodles (Amish Kitchen), frozen speciality noodles (Reames, Aunt Vi's), croutons and salad toppings, flatbread wraps, and pizza crusts.

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