Pilgrims Pride (STU:6PP) Long-Term Capital Lease Obligation : €200 Mil (As of Mar. 2024)

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What is Pilgrims Pride Long-Term Capital Lease Obligation?

Pilgrims Pride's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €200 Mil.

Pilgrims Pride's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€189 Mil) to Dec. 2023 (€188 Mil) but then increased from Dec. 2023 (€188 Mil) to Mar. 2024 (€200 Mil).

Pilgrims Pride's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€240 Mil) to Dec. 2022 (€218 Mil) and declined from Dec. 2022 (€218 Mil) to Dec. 2023 (€188 Mil).

Pilgrims Pride Long-Term Capital Lease Obligation Historical Data

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

Pilgrims Pride Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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211.84

178.73

240.16

217.78

188.13

Pilgrims Pride 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															204.87	196.92	188.99	188.13	200.25

Pilgrims Pride (STU:6PP) 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.

Pilgrims Pride Long-Term Capital Lease Obligation Related Terms

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Pilgrims Pride (STU:6PP) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pilgrims Pride Corp (STU:6PP) » Definitions » Long-Term Capital Lease Obligation

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PPC:USA

Address

1770 Promontory Circle, Greeley, CO, USA, 80634-9038

Website

https://www.pilgrims.com

Pilgrim's Pride is the second-largest poultry producer in the U.S. (62% of 2022 sales), the U.K. (28% including other European sales), and Mexico (11%). Its U.K. and European arm also includes pork operations from the 2019 acquisition of Tulip. Pilgrim's sells to chain restaurants, food processors, food distributors, and retail chains. Most of its U.S. and Mexican sales come from fresh chicken, while prepared chicken and pork constitute most of its U.K. and European sales. JBS owns more than 80% of Pilgrim's Pride's outstanding shares, though it failed to acquire the remaining stake in 2021 after a special board committee deemed JBS' offer undervalued Pilgrim's Pride.

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