CI Financial (CI Financial) Long-Term Capital Lease Obligation : $212 Mil (As of Dec. 2023)

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What is CI Financial Long-Term Capital Lease Obligation?

CI Financial's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $212 Mil.

CI Financial's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($113 Mil) to Sep. 2023 ($108 Mil) but then increased from Sep. 2023 ($108 Mil) to Dec. 2023 ($212 Mil).

CI Financial's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($120 Mil) to Dec. 2022 ($110 Mil) but then increased from Dec. 2022 ($110 Mil) to Dec. 2023 ($212 Mil).

CI Financial Long-Term Capital Lease Obligation Historical Data

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

CI Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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46.45

47.86

119.95

109.95

212.47

CI Financial 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															109.95	104.72	112.51	108.14	212.47

CI Financial (OTCPK:CIXXF) 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.

CI Financial Long-Term Capital Lease Obligation Related Terms

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CI Financial (CI Financial) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CI Financial Corp (OTCPK:CIXXF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CF7:Germany CIX:Canada

Address

15 York Street, 2nd Floor, Legal Department, Toronto, ON, CAN, M5J 0A3

Website

https://www.cifinancial.com

CI Financial is a diversified provider of wealth management products and services, primarily in the Canadian market. The company had CAD 119.0 billion in core assets under management, another CAD 278.5 billion in wealth management assets under advisement, and CAD 23.4 billion in assets under custody at the end of September 2023, making it one of the largest nonbank affiliated asset managers in Canada. The company operates its fund business through CI Global Asset Management, which offers a broad selection of investment funds. On the wealth management side, the company operates through CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth, as well as a large group of acquired U.S.-based advisors, providing financial advice primarily to high-net-worth clients.