Cogeco Communications (TSX:CCA) Long-Term Capital Lease Obligation : C$44 Mil (As of Feb. 2024)

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What is Cogeco Communications Long-Term Capital Lease Obligation?

Cogeco Communications's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$44 Mil.

Cogeco Communications's quarterly Long-Term Capital Lease Obligation increased from Aug. 2023 (C$39 Mil) to Nov. 2023 (C$41 Mil) and increased from Nov. 2023 (C$41 Mil) to Feb. 2024 (C$44 Mil).

Cogeco Communications's annual Long-Term Capital Lease Obligation increased from Aug. 2021 (C$33 Mil) to Aug. 2022 (C$38 Mil) and increased from Aug. 2022 (C$38 Mil) to Aug. 2023 (C$39 Mil).

Cogeco Communications Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cogeco 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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Cogeco Communications Long-Term Capital Lease Obligation Chart

Cogeco Communications Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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36.69

33.40

38.35

38.88

Cogeco Communications Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															38.59	37.58	38.88	41.14	44.07

Cogeco Communications (TSX:CCA) 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.

Cogeco Communications Long-Term Capital Lease Obligation Related Terms

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Cogeco Communications (TSX:CCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Cogeco Communications Inc (TSX:CCA) » Definitions » Long-Term Capital Lease Obligation

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CGEAF:USA COG:Germany

Address

1 Place Ville Marie, Suite 3301, Montreal, QC, CAN, H3B 0B3

Website

https://www.cogeco.ca

Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides Internet, video and phone services to residential, business and other customers. The reportable segments of the company are Canadian telecommunications and American telecommunications. The company earns majority of its revenue from American telecommunications. The company operates in Canada and United States.