Pactiv Evergreen (FRA:PEG) Long-Term Capital Lease Obligation : €213 Mil (As of Mar. 2024)

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What is Pactiv Evergreen Long-Term Capital Lease Obligation?

Pactiv Evergreen's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €213 Mil.

Pactiv Evergreen's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€211 Mil) to Dec. 2023 (€199 Mil) but then increased from Dec. 2023 (€199 Mil) to Mar. 2024 (€213 Mil).

Pactiv Evergreen's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€203 Mil) to Dec. 2022 (€197 Mil) but then increased from Dec. 2022 (€197 Mil) to Dec. 2023 (€199 Mil).

Pactiv Evergreen Long-Term Capital Lease Obligation Historical Data

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

Pactiv Evergreen Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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141.30

178.37

202.67

197.30

198.99

Pactiv Evergreen 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															191.47	203.06	210.83	198.99	213.44

Pactiv Evergreen (FRA:PEG) 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.

Pactiv Evergreen Long-Term Capital Lease Obligation Related Terms

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Pactiv Evergreen (FRA:PEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Pactiv Evergreen Inc (FRA:PEG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PTVE:USA PEG:Germany

Address

1900 West Field Court, Lake Forest, IL, USA, 60045

Website

https://www.pactivevergreen.com

Pactiv Evergreen Inc is engaged in the business of manufacturing and distributing fresh foodservice and food merchandising products and fresh beverage cartons. It operates in three segments: Foodservice, Food Merchandising, and Beverage Merchandising. These segments manufacture a broad range of products such as food containers, drinkware, tableware, service ware, ready-to-eat food containers, clear rigid-display containers, trays for meat and poultry, molded fiber egg cartons, printed cartons, spouts & filling machines, and other products. The company's geographical segments are the United States, the Rest of North America, and Others, of which the vast majority of its revenue comes from the United States.