Westrock Coffee Co (FRA:V3J) Long-Term Capital Lease Obligation : €55.6 Mil (As of Mar. 2024)

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What is Westrock Coffee Co Long-Term Capital Lease Obligation?

Westrock Coffee Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €55.6 Mil.

Westrock Coffee Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€0.0 Mil) to Dec. 2023 (€58.3 Mil) but then declined from Dec. 2023 (€58.3 Mil) to Mar. 2024 (€55.6 Mil).

Westrock Coffee Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€0.0 Mil) to Dec. 2022 (€8.0 Mil) and increased from Dec. 2022 (€8.0 Mil) to Dec. 2023 (€58.3 Mil).

Westrock Coffee Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Westrock Coffee 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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Westrock Coffee Co Long-Term Capital Lease Obligation Chart

Westrock Coffee Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

7.95

58.28

Westrock Coffee Co Quarterly Data
	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									-	-	-	58.28	55.57

Westrock Coffee Co (FRA:V3J) 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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Westrock Coffee Co (FRA:V3J) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Westrock Coffee Co (FRA:V3J) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

WEST:USA

Address

4009 N. Rodney Parham Road, 3rd Floor, Little Rock, AR, USA, 72212

Website

https://www.westrockcoffee.com

Westrock Coffee Co is an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the U.S, providing coffee sourcing, supply chain management, product development, roasting, packaging, and distribution services to retail, foodservice and restaurant, convenience store and travel center, non-commercial account, CPG, and hospitality industries around the world. The company's segment includes Beverage Solutions and Sustainable Sourcing and Traceability. It generates maximum revenue from the Beverage Solutions segment.

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