Reitmans (Canada) (Reitmans (Canada)) Long-Term Capital Lease Obligation : $79.2 Mil (As of Jan. 2024)

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What is Reitmans (Canada) Long-Term Capital Lease Obligation?

Reitmans (Canada)'s Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $79.2 Mil.

Reitmans (Canada)'s quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 ($54.5 Mil) to Oct. 2023 ($65.7 Mil) and increased from Oct. 2023 ($65.7 Mil) to Jan. 2024 ($79.2 Mil).

Reitmans (Canada)'s annual Long-Term Capital Lease Obligation increased from Jan. 2022 ($24.9 Mil) to Jan. 2023 ($45.3 Mil) and increased from Jan. 2023 ($45.3 Mil) to Jan. 2024 ($79.2 Mil).

Reitmans (Canada) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Reitmans (Canada)'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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Reitmans (Canada) Long-Term Capital Lease Obligation Chart

Reitmans (Canada) Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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116.32

69.09

24.89

45.27

79.17

Reitmans (Canada) 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															45.27	51.07	54.50	65.75	79.17

Reitmans (Canada) (OTCPK:RTMAF) 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.

Reitmans (Canada) Long-Term Capital Lease Obligation Related Terms

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Reitmans (Canada) (Reitmans (Canada)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Reitmans (Canada) Ltd (OTCPK:RTMAF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

RTMNF:USA CX40:Germany RET.A:Canada RET:Canada

Address

155 Wellington Street West, 40th Floor, Toronto, ON, CAN, M5V 3J7

Website

https://www.reitmans.com

Reitmans (Canada) Ltd is an apparel retailer based in Canada. Its main business is the sale of ladies' specialty apparel to consumers. The product offering comprises Tops, Bottoms, Dresses, Coats and Jackets, Blazers, Lingerie and Sleepwear, among others. It also sells accessories such as Scarves, Bags, Belts, Sunglasses and others. The company operates an e-commerce website shopping for all its banners. Some of its revenue sources are from the sale of merchandise, customer loyalty award programs and sale of gift cards. The group offers its products through the retail banners of Reitmans, Penningtons and RW & CO. The Company's operating segments, operate in the women apparel business, in Canada.

Reitmans (Canada) (Reitmans (Canada)) Headlines

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