Performance Food Group Co (FRA:P5F) Long-Term Capital Lease Obligation : €1,280 Mil (As of Mar. 2024)

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What is Performance Food Group Co Long-Term Capital Lease Obligation?

Performance Food Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,280 Mil.

Performance Food Group Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€1,110 Mil) to Dec. 2023 (€1,201 Mil) and increased from Dec. 2023 (€1,201 Mil) to Mar. 2024 (€1,280 Mil).

Performance Food Group Co's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (€525 Mil) to Jun. 2022 (€849 Mil) and increased from Jun. 2022 (€849 Mil) to Jun. 2023 (€993 Mil).

Performance Food Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Performance Food Group Co'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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Performance Food Group Co Long-Term Capital Lease Obligation Chart

Performance Food Group Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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114.08

486.71

525.39

849.04

993.33

Performance Food Group Co 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															913.92	993.33	1,109.69	1,200.54	1,279.72

Performance Food Group Co (FRA:P5F) 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.

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Performance Food Group Co (FRA:P5F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Performance Food Group Co (FRA:P5F) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

PFGC:USA

Address

12500 West Creek Parkway, Richmond, VA, USA, 23238

Website

https://www.pfgc.com

Performance Food Group Co is the third-largest U.S. food-service distributor behind Sysco and us Foods, with 9% market share. PFG's food-service business (52% of 2022 sales) provides customized food products and services (such as product selection and procurement) to independent and chain restaurants, and institutional customers. Acquisitions of Eby-Brown (2019) and Core-Mark (2021) enabled PFG to tap into the convenience store segment (41% of sales), offering convenience products, marketing programs, and technology solutions to convenience stores, drug stores, and other such channels. The firm's Vistar business (7% of sales) is a national distributor of candy, snacks, and beverages to vending and office coffee service distributors, theaters, and hospitality providers.

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