goeasy (TSX:GSY) Long-Term Capital Lease Obligation : C$67 Mil (As of Mar. 2024)

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What is goeasy Long-Term Capital Lease Obligation?

goeasy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$67 Mil.

goeasy's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$73 Mil) to Dec. 2023 (C$71 Mil) and declined from Dec. 2023 (C$71 Mil) to Mar. 2024 (C$67 Mil).

goeasy's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$66 Mil) to Dec. 2022 (C$74 Mil) but then declined from Dec. 2022 (C$74 Mil) to Dec. 2023 (C$71 Mil).

goeasy Long-Term Capital Lease Obligation Historical Data

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

goeasy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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52.57

53.90

65.61

74.33

70.81

goeasy 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															72.48	72.97	72.80	70.81	66.67

goeasy (TSX:GSY) 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.

goeasy Long-Term Capital Lease Obligation Related Terms

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goeasy (TSX:GSY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » goeasy Ltd (TSX:GSY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

EHMEF:USA 1ES:Germany

Address

33 City Centre Drive, Suite 510, Mississauga, ON, CAN, L5B 2N5

Website

https://www.goeasy.com

goeasy Ltd provides financial services company. The principal operating activities of the Company include: providing loans and other financial services to consumers and leasing household products to consumers. Customers can transact seamlessly through an omnichannel model that includes online and mobile platforms. The Company operates in two reportable segments: easyfinancial and easyhome. The easyfinancial reportable segment lends out capital in the form of unsecured and secured consumer loans to nonprime borrowers. easyfinancial's product offering consists of unsecured and real estate-secured installment loans. The key revenue of the company is generated from easyfinancial.

Executives

David Ingram

Director, Senior Officer