Corus Entertainment (Corus Entertainment) Long-Term Capital Lease Obligation : $0 Mil (As of Feb. 2024)

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What is Corus Entertainment Long-Term Capital Lease Obligation?

Corus Entertainment's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0 Mil.

Corus Entertainment's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 ($83 Mil) to Nov. 2023 ($0 Mil) but then stayed the same from Nov. 2023 ($0 Mil) to Feb. 2024 ($0 Mil).

Corus Entertainment's annual Long-Term Capital Lease Obligation declined from Aug. 2021 ($102 Mil) to Aug. 2022 ($93 Mil) and declined from Aug. 2022 ($93 Mil) to Aug. 2023 ($83 Mil).

Corus Entertainment Long-Term Capital Lease Obligation Historical Data

The historical data trend for Corus Entertainment'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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Corus Entertainment Long-Term Capital Lease Obligation Chart

Corus Entertainment Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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101.54

102.24

92.70

82.91

Corus Entertainment 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															-	-	82.91	-	-

Corus Entertainment (OTCPK:CJREF) 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.

Corus Entertainment Long-Term Capital Lease Obligation Related Terms

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Corus Entertainment (Corus Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Corus Entertainment Inc (OTCPK:CJREF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

9CO:Germany CJR.B:Canada

Address

25 Dockside Drive, Corus Quay, Toronto, ON, CAN, M5A 0B5

Website

https://www.corusent.com

Corus Entertainment Inc is a media and content company that operates in the diversified media industry. The company has two business segments, which includes television, and radio. The television business segment has a portfolio of television channels. The radio business segment controls a number of stations that cater to the music, news, and talk radio markets. Television segment is the key revenue driver for the group. The company generates the vast majority of its revenue in Canada.