Metro (TSX:MRU) Long-Term Capital Lease Obligation : C$1,366 Mil (As of Mar. 2024)

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What is Metro Long-Term Capital Lease Obligation?

Metro's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1,366 Mil.

Metro's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$1,380 Mil) to Dec. 2023 (C$1,358 Mil) but then increased from Dec. 2023 (C$1,358 Mil) to Mar. 2024 (C$1,366 Mil).

Metro's annual Long-Term Capital Lease Obligation declined from Sep. 2021 (C$1,658 Mil) to Sep. 2022 (C$1,503 Mil) and declined from Sep. 2022 (C$1,503 Mil) to Sep. 2023 (C$1,380 Mil).

Metro Long-Term Capital Lease Obligation Historical Data

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

Metro Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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12.10

1,811.40

1,657.50

1,502.70

1,380.30

Metro 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															1,427.00	1,388.70	1,380.30	1,358.30	1,366.40

Metro (TSX:MRU) 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.

Metro Long-Term Capital Lease Obligation Related Terms

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Metro (TSX:MRU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Metro Inc (TSX:MRU) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

MTRAF:USA 62M:Germany

Address

11011 Maurice-Duplessis, Finances, Montreal, Montreal, QC, CAN, H1C 1V6

Website

https://www.metro.ca

Metro is the third-largest grocery retailer in Canada (behind Loblaw and Sobeys) and also owns the top pharmacy chain in Quebec, Jean Coutu, following the 2018 acquisition. Its grocery banners include supermarket chain Metro, discounters Super C and Food Basics, and ethnic food grocer Adonis, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. Metro operates both as a food retailer and a franchisor, licensing its trademarks and supplying merchandise to registered pharmacists. The firm also acts as a wholesaler and distributor to serve smaller, neighborhood grocery stores. Unlike peers Loblaw and Sobeys that operate chain stores across Canada, Metro's operations are concentrated in the provinces of Quebec and Ontario, with no presence in western Canada.

Executives

Carmine Fortino

Senior Officer

Metro (TSX:MRU) Headlines

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