West Fraser Timber Co.Ltd (West Fraser Timber Co.Ltd) Long-Term Capital Lease Obligation : $24 Mil (As of Mar. 2024)

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What is West Fraser Timber Co.Ltd Long-Term Capital Lease Obligation?

West Fraser Timber Co.Ltd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $24 Mil.

West Fraser Timber Co.Ltd's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($31 Mil) to Dec. 2023 ($26 Mil) and declined from Dec. 2023 ($26 Mil) to Mar. 2024 ($24 Mil).

West Fraser Timber Co.Ltd's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($18 Mil) to Dec. 2022 ($26 Mil) but then stayed the same from Dec. 2022 ($26 Mil) to Dec. 2023 ($26 Mil).

West Fraser Timber Co.Ltd Long-Term Capital Lease Obligation Historical Data

The historical data trend for West Fraser Timber Co.Ltd'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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West Fraser Timber Co.Ltd Long-Term Capital Lease Obligation Chart

West Fraser Timber Co.Ltd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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18.00

26.00

West Fraser Timber Co.Ltd 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															25.00	34.00	31.00	26.00	24.00

West Fraser Timber Co.Ltd (NYSE:WFG) 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.

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West Fraser Timber Co.Ltd (West Fraser Timber Co.Ltd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » West Fraser Timber Co.Ltd (NYSE:WFG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

WFC:Germany WFG:Canada

Address

c/o West Fraser Group, 858 Beatty Street, Vancouver, BC, CAN, V6B 1C1

Website

https://www.westfraser.com

West Fraser Timber is a softwood lumber company that also produces wood panels and pulp products. The company produces its wood products globally, with lumber mills in British Columbia, Alberta, Europe, and the southeastern United States. Following its acquisition of Norbord in 2021, West Fraser is now one of the largest oriented strand board, or OSB, producers in the world.