Figaro Coffee Group (PHS:FCG) Long-Term Capital Lease Obligation : ₱14 Mil (As of Mar. 2024)

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What is Figaro Coffee Group Long-Term Capital Lease Obligation?

Figaro Coffee Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱14 Mil.

Figaro Coffee Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₱5 Mil) to Dec. 2023 (₱13 Mil) and increased from Dec. 2023 (₱13 Mil) to Mar. 2024 (₱14 Mil).

Figaro Coffee Group's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (₱5 Mil) to Jun. 2022 (₱3 Mil) but then increased from Jun. 2022 (₱3 Mil) to Jun. 2023 (₱3 Mil).

Figaro Coffee Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Figaro Coffee 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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Figaro Coffee Group Long-Term Capital Lease Obligation Chart

Figaro Coffee Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

5.04

2.88

3.40

Figaro Coffee Group Quarterly Data
	Jun19	Jun20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									3.29	3.40	4.79	12.66	13.92

Figaro Coffee Group (PHS:FCG) 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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Figaro Coffee Group (PHS:FCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Figaro Coffee Group Inc (PHS:FCG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

116 East Main Avenue, Binan, Phase V-Sez, Laguna Technopark, Laguna, LAG, PHL

Website

https://www.figaro.ph

Figaro Coffee Group Inc is engaged in processing, manufacturing, packaging all kinds of food products, and establishing and maintaining restaurants, coffee shops, and refreshments parlor s; to serve, arrange, cater foods, drinks, refreshments, and other food commodities. The brands of the company include Figaro Coffee. Angel's Pizza, Tien-Ma's, and The Figaro Group Express. The company earns majority of its revenue from Angel's Pizza.