Canaf Investments (TSXV:CAF) Long-Term Capital Lease Obligation : C$0.02 Mil (As of Jan. 2024)

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What is Canaf Investments Long-Term Capital Lease Obligation?

Canaf Investments's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.02 Mil.

Canaf Investments's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 (C$0.03 Mil) to Oct. 2023 (C$0.03 Mil) and declined from Oct. 2023 (C$0.03 Mil) to Jan. 2024 (C$0.02 Mil).

Canaf Investments's annual Long-Term Capital Lease Obligation declined from Oct. 2021 (C$0.07 Mil) to Oct. 2022 (C$0.05 Mil) and declined from Oct. 2022 (C$0.05 Mil) to Oct. 2023 (C$0.03 Mil).

Canaf Investments Long-Term Capital Lease Obligation Historical Data

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

Canaf Investments Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

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0.07

0.05

0.03

Canaf Investments Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.04	0.04	0.03	0.03	0.02

Canaf Investments (TSXV:CAF) 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.

Canaf Investments Long-Term Capital Lease Obligation Related Terms

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Canaf Investments (TSXV:CAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Canaf Investments Inc (TSXV:CAF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CAFZF:USA

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.canafinvestments.com

Canaf Investments Inc is a Canadian company that owns and operates a coal processing plant in South Africa that processes coal and coal products into calcine, a coke substitute with high carbon content. The company, through its subsidiaries, produces calcined anthracite used in the manufacturing process of steel and manganese. The company operates in two reportable segments are Canada and South Africa, out of which the majority of revenue comes from South Africa.

Executives

Monita Faris

Director