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Bird Construction (Bird Construction) Long-Term Capital Lease Obligation : $43 Mil (As of Dec. 2023)


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What is Bird Construction Long-Term Capital Lease Obligation?

Bird Construction's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $43 Mil.

Bird Construction's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($41 Mil) to Sep. 2023 ($43 Mil) but then declined from Sep. 2023 ($43 Mil) to Dec. 2023 ($43 Mil).

Bird Construction's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($47 Mil) to Dec. 2022 ($41 Mil) but then increased from Dec. 2022 ($41 Mil) to Dec. 2023 ($43 Mil).

Bird Construction Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bird Construction'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.

* Premium members only.

Bird Construction Long-Term Capital Lease Obligation Chart

Bird Construction Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.52 46.32 46.54 40.83 42.99

Bird Construction Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.83 40.41 41.43 43.36 42.99

Bird Construction  (OTCPK:BIRDF) 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.

Bird Construction Long-Term Capital Lease Obligation Related Terms

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Bird Construction (Bird Construction) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Bird Construction Inc (OTCPK:BIRDF) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
6LT:Germany BDT:Canada
Address
5700 Explorer Drive, Suite 400, Mississauga, ON, CAN, L4W 0C6
Website
https://www.bird.ca
Bird Construction Inc is a construction company operating from coast-to-coast and servicing all of Canada's major markets. The group provides a comprehensive range of construction services from new construction for industrial, commercial, institutional, and civil infrastructure markets, to industrial maintenance, repair and operations services, heavy civil construction, and mine support services. It also provides vertical infrastructure including, electrical, mechanical, and specialty trades. In addition to its commitment to safety, Bird provides services that offer long-term value to its stakeholders.