Bakkavor Group (LSE:BAKK) Long-Term Capital Lease Obligation : £79 Mil (As of Dec. 2023)

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What is Bakkavor Group Long-Term Capital Lease Obligation?

Bakkavor Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £79 Mil.

Bakkavor Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (£86 Mil) to Jun. 2023 (£86 Mil) but then declined from Jun. 2023 (£86 Mil) to Dec. 2023 (£79 Mil).

Bakkavor Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (£74 Mil) to Dec. 2022 (£86 Mil) but then declined from Dec. 2022 (£86 Mil) to Dec. 2023 (£79 Mil).

Bakkavor Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bakkavor Group'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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Bakkavor Group Long-Term Capital Lease Obligation Chart

Bakkavor Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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69.30

70.90

73.80

85.90

78.90

Bakkavor Group Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											73.80	79.10	85.90	86.40	78.90

Bakkavor Group (LSE:BAKK) 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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Bakkavor Group (LSE:BAKK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bakkavor Group PLC (LSE:BAKK) » Definitions » Long-Term Capital Lease Obligation

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BAKKl:UK

Address

8 Mortimer Street, Fitzroy Place, 5th Floor, London, GBR, W1T 3JJ

Website

https://www.bakkavor.com

Bakkavor Group PLC manufactures and markets a wide variety of freshly prepared food, covering a range of categories including meals, desserts, pizza & bread and salads. Some of its other products include soups & sauces, bread & dips, food-to-go, salads, fresh-cut salads, sandwiches & wraps, and bakery products. Its customers include grocery retailers as well as international food brands. Its geographical segments are the United Kingdom, United States, and China, of which the most of its revenue comes from the United Kingdom.

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