NFI Group (TSX:NFI) Long-Term Capital Lease Obligation : C$161 Mil (As of Mar. 2024)

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What is NFI Group Long-Term Capital Lease Obligation?

NFI Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$161 Mil.

NFI Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$153 Mil) to Dec. 2023 (C$161 Mil) but then declined from Dec. 2023 (C$161 Mil) to Mar. 2024 (C$161 Mil).

NFI Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$154 Mil) to Dec. 2022 (C$155 Mil) and increased from Dec. 2022 (C$155 Mil) to Dec. 2023 (C$161 Mil).

NFI Group Long-Term Capital Lease Obligation Historical Data

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

NFI Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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189.63

167.38

154.13

154.93

161.05

NFI Group 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															149.67	142.07	153.01	161.05	160.55

NFI Group (TSX:NFI) 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.

NFI Group Long-Term Capital Lease Obligation Related Terms

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NFI Group (TSX:NFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NFI Group Inc (TSX:NFI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

NFYEF:USA 9NF:Germany

Address

711 Kernaghan Avenue, Winnipeg, MB, CAN, R2C 3T4

Website

https://www.nfigroup.com

NFI Group Inc is a global bus manufacturer providing a comprehensive suite of mass transportation solutions under brands: New Flyer(heavy-duty transit buses), Alexander Dennis Limited ("ADL") (single and double-deck buses), Plaxton (motor coaches), MCI (motor coaches), ARBOC Specialty Vehicles, LLC ("ARBOC") (low-floor cutaway and medium-duty buses) and NFI Parts (aftermarket parts sales). The Company has two reportable segments which are the Company's strategic business units: Manufacturing Operations and Aftermarket Operations. It generates majority revenue from Manufacturing Operations.

Executives

Phyllis Elaine Cochran	Director
Jannet Walker-ford	Director

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