Rogers Communications (Rogers Communications) Long-Term Capital Lease Obligation

: $1,557 Mil (As of Dec. 2023)

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Rogers Communications's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,557 Mil.

Rogers Communications's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($1,520 Mil) to Sep. 2023 ($1,505 Mil) but then increased from Sep. 2023 ($1,505 Mil) to Dec. 2023 ($1,557 Mil).

Rogers Communications's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1,266 Mil) to Dec. 2022 ($1,226 Mil) but then increased from Dec. 2022 ($1,226 Mil) to Dec. 2023 ($1,557 Mil).

Rogers Communications Long-Term Capital Lease Obligation Historical Data

The historical data trend for Rogers Communications'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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Rogers Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1,135.24

1,215.55

1,266.41

1,226.35

1,557.10

Rogers Communications Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation																1,226.35	1,224.88	1,519.65	1,505.43	1,557.10

Rogers Communications (NYSE:RCI) 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.

Rogers Communications Long-Term Capital Lease Obligation Related Terms

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Rogers Communications (Rogers Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Rogers Communications Inc (NYSE:RCI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

RCIAF:USA RCI.B:Canada RCI.A:Canada

Address

333 Bloor Street East, 10th Floor, Toronto, ON, CAN, M4W 1G9

Website

https://www.rogers.com

Rogers Communications is the largest wireless service provider in Canada, with its more than 10 million subscribers equating to one third of the total Canadian market. Its wireless business accounted for more than half of total revenue and has increasingly been providing a bigger portion of total company sales over the last several years. Rogers' cable segment, which provides about 40% of total revenue after acquiring Shaw, offers home internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers' media unit, which owns and operates various television and radio stations and the Toronto Blue Jays. Rogers' significant exposure to sports also includes ownership stakes in the Toronto Maple Leafs, Raptors, FC, and Argonauts.