Cranswick (LSE:CWK) Long-Term Capital Lease Obligation : £82 Mil (As of Mar. 2024)

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What is Cranswick Long-Term Capital Lease Obligation?

Cranswick's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was £82 Mil.

Cranswick's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (£67 Mil) to Sep. 2023 (£77 Mil) and increased from Sep. 2023 (£77 Mil) to Mar. 2024 (£82 Mil).

Cranswick's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (£56 Mil) to Mar. 2023 (£67 Mil) and increased from Mar. 2023 (£67 Mil) to Mar. 2024 (£82 Mil).

Cranswick Long-Term Capital Lease Obligation Historical Data

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

Cranswick Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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55.60

59.10

56.00

66.80

82.10

Cranswick Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															56.00	61.60	66.80	76.50	82.10

Cranswick (LSE:CWK) 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.

Cranswick Long-Term Capital Lease Obligation Related Terms

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Cranswick (LSE:CWK) Business Description

Industry

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

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Traded in Other Exchanges

CWKl:UK 0U6:Germany

Address

Ferriby Road, Crane Court, Hesslewood Country Office Park, East Yorkshire, Hessle, GBR, HU13 0PA

Website

https://www.cranswick.plc.uk

Cranswick PLC is a British supplier of fresh pork, sausages, cooked meats, pastry, and sandwiches through retail, food service, and manufacturing channels. The company operates through its food segment, which manufactures and supplies products to United Kingdom grocery retailers, the food-service sector, and other food producers. Retail customers contribute about three-fourths of the company's total revenue, through retailers' own-label products. Cranswick's operations are focused on the production and supply of premium food products and are located in the U.K., with a small proportion of exports. The company also owns pig-breeding and -rearing operations.