GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Canadian Tire Corp Ltd (OTCPK:CDNAF) » Definitions » Long-Term Capital Lease Obligation

Canadian Tire (Canadian Tire) Long-Term Capital Lease Obligation : $1,480 Mil (As of Dec. 2023)


View and export this data going back to 2009. Start your Free Trial

What is Canadian Tire Long-Term Capital Lease Obligation?

Canadian Tire's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,480 Mil.

Canadian Tire's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($1,424 Mil) to Sep. 2023 ($1,473 Mil) and increased from Sep. 2023 ($1,473 Mil) to Dec. 2023 ($1,480 Mil).

Canadian Tire's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1,498 Mil) to Dec. 2022 ($1,492 Mil) and declined from Dec. 2022 ($1,492 Mil) to Dec. 2023 ($1,480 Mil).

Canadian Tire Long-Term Capital Lease Obligation Historical Data

The historical data trend for Canadian Tire'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.

Canadian Tire Long-Term Capital Lease Obligation Chart

Canadian Tire 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 1,420.76 1,480.68 1,497.50 1,491.65 1,480.32

Canadian Tire 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 1,491.65 1,413.73 1,423.98 1,472.84 1,480.32

Canadian Tire  (OTCPK:CDNAF) 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.

Canadian Tire Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Canadian Tire's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Canadian Tire (Canadian Tire) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Canadian Tire Corp Ltd (OTCPK:CDNAF) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
TSX:PET TSX:LNF TSX:ZZZ TSX:GBT TSX:KITS TSX:IDG TSXV:AWI TSXV:RUM XCNQ:AMB XCNQ:CCR ORLY TSX:ATD AZO TSCO ULTA SHSE:601888 GPC WSM DKS BBY
Traded in Other Exchanges
YAAA:Germany CTC.A:Canada CTC:Canada
Address
2180 Yonge Street, P.O. Box 770, Toronto, ON, CAN, M4P 2V8
Website
https://www.corp.canadiantire.ca
Canadian Tire sells home goods, sporting equipment, apparel, footwear, automotive parts and accessories, and vehicle fuel through a roughly 1,700-store network of company, dealer, and franchisee-operated locations across Canada. Aside from the namesake banner, stores operate primarily under the Mark's, SportChek, Party City, Atmosphere, and PartSource monikers. Additionally, the company owns Helly Hansen, a Norwegian sportswear and workwear brand, and also operates and holds majority ownership of a financing arm (Canadian Tire Financial Services; 20% owned by Scotiabank) and a REIT (CT REIT; Canadian Tire owns about 70%).