Altus Group (Altus Group) Long-Term Capital Lease Obligation : $25.2 Mil (As of Dec. 2023)

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What is Altus Group Long-Term Capital Lease Obligation?

Altus Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $25.2 Mil.

Altus Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($29.6 Mil) to Sep. 2023 ($27.2 Mil) and declined from Sep. 2023 ($27.2 Mil) to Dec. 2023 ($25.2 Mil).

Altus Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($44.7 Mil) to Dec. 2022 ($33.5 Mil) and declined from Dec. 2022 ($33.5 Mil) to Dec. 2023 ($25.2 Mil).

Altus Group Long-Term Capital Lease Obligation Historical Data

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

Altus Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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48.16

40.51

44.71

33.46

25.16

Altus Group 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															33.46	31.32	29.65	27.16	25.16

Altus Group (OTCPK:ASGTF) 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.

Altus Group Long-Term Capital Lease Obligation Related Terms

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Altus Group (Altus Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Altus Group Ltd (OTCPK:ASGTF) » Definitions » Long-Term Capital Lease Obligation

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AIF:Canada

Address

33 Yonge Street, Suite 500, Toronto, ON, CAN, M5E 1G4

Website

https://www.altusgroup.com

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Property Tax, Analytics; and under CRE Consulting services, and Appraisals and Development Advisory. It generates maximum revenue from the Analytics; and under CRE Consulting services segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.