DATA Communications Management (TSX:DCM) Long-Term Capital Lease Obligation : C$145.0 Mil (As of Dec. 2023)

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What is DATA Communications Management Long-Term Capital Lease Obligation?

DATA Communications Management's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$145.0 Mil.

DATA Communications Management's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (C$84.9 Mil) to Sep. 2023 (C$144.3 Mil) and increased from Sep. 2023 (C$144.3 Mil) to Dec. 2023 (C$145.0 Mil).

DATA Communications Management's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$33.0 Mil) to Dec. 2022 (C$33.0 Mil) and increased from Dec. 2022 (C$33.0 Mil) to Dec. 2023 (C$145.0 Mil).

DATA Communications Management Long-Term Capital Lease Obligation Historical Data

The historical data trend for DATA Communications Management'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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DATA Communications Management Long-Term Capital Lease Obligation Chart

DATA Communications Management Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

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Dec20

Dec21

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Dec23

Long-Term Capital Lease Obligation

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53.51

40.32

32.98

33.01

144.99

DATA Communications Management 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	Get a 7-Day Free Trial															33.01	32.83	84.85	144.33	144.99

DATA Communications Management (TSX:DCM) 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.

DATA Communications Management Long-Term Capital Lease Obligation Related Terms

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DATA Communications Management (TSX:DCM) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » DATA Communications Management Corp (TSX:DCM) » Definitions » Long-Term Capital Lease Obligation

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DCMDF:USA

Address

9195 Torbram Road, Brampton, ON, CAN, L6S 6H2

Website

https://www.datacm.com

DATA Communications Management Corp is a communication solutions partner that adds value for companies across North America by creating connections with their customers. The company serves many brands in the markets including financial services, retail, healthcare, energy, other regulated industries, and the public sector. It generates the majority of its revenue from its product sale. It purchases a product from third-party vendors and resells that to its customers.

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