George Weston (George Weston) Long-Term Capital Lease Obligation : $3,401 Mil (As of Dec. 2023)

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What is George Weston Long-Term Capital Lease Obligation?

George Weston's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,401 Mil.

George Weston's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($3,355 Mil) to Sep. 2023 ($3,229 Mil) but then increased from Sep. 2023 ($3,229 Mil) to Dec. 2023 ($3,401 Mil).

George Weston's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($3,314 Mil) to Dec. 2022 ($3,182 Mil) but then increased from Dec. 2022 ($3,182 Mil) to Dec. 2023 ($3,401 Mil).

George Weston Long-Term Capital Lease Obligation Historical Data

The historical data trend for George Weston'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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George Weston Long-Term Capital Lease Obligation Chart

George Weston Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3,227.28

3,283.63

3,314.06

3,182.19

3,401.16

George Weston 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															3,182.19	3,231.75	3,355.41	3,228.88	3,401.16

George Weston (OTCPK:WNGRF) 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.

George Weston Long-Term Capital Lease Obligation Related Terms

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George Weston (George Weston) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » George Weston Ltd (OTCPK:WNGRF) » Definitions » Long-Term Capital Lease Obligation

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WN.PR.E.PFD:Canada WN.PR.D.PFD:Canada WN.PR.C.PFD:Canada WN.PR.A.PFD:Canada WN:Canada

Address

22 St. Clair Avenue East, Suite 1901, Toronto, ON, CAN, M4T 2S7

Website

https://www.weston.ca

George Weston is a holding company that controls a 53% stake in retailer Loblaw and a 62% stake in Choice Properties, a real estate investment trust. Loblaw boasts the largest retail footprint across Canada with 2,500 food retail and pharmacy stores under banners such as Loblaw, No-Frills, Maxi, and Shoppers Drug Mart. Meanwhile, open-ended Choice Properties REIT owns and manages 702 commercial and residential properties in Canada, generating 57% of its gross rental revenue from its largest tenant Loblaw. Previously, George Weston sold its wholly owned bakery Weston Foods in 2022. The firm is controlled by the Weston family, which owns a 65% stake.

George Weston (George Weston) Headlines

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