Sears Canada (Sears Canada) Long-Term Capital Lease Obligation

: $13 Mil (As of Apr. 2017)

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Sears Canada's Long-Term Capital Lease Obligation for the quarter that ended in Apr. 2017 was $13 Mil.

Sears Canada's quarterly Long-Term Capital Lease Obligation declined from Oct. 2016 ($13 Mil) to Jan. 2017 ($13 Mil) but then increased from Jan. 2017 ($13 Mil) to Apr. 2017 ($13 Mil).

Sears Canada's annual Long-Term Capital Lease Obligation declined from Jan. 2015 ($20 Mil) to Jan. 2016 ($14 Mil) and declined from Jan. 2016 ($14 Mil) to Jan. 2017 ($13 Mil).

Sears Canada Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sears 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.

* Premium members only.

Sears Canada Annual Data

Trend

Jan08

Jan09

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Long-Term Capital Lease Obligation

50.60

25.59

19.88

14.22

12.59

Sears Canada Quarterly Data
	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17
Long-Term Capital Lease Obligation																15.06	14.10	13.21	12.59	12.80

Sears Canada (OTCPK:SRSCQ) 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.

Sears Canada Long-Term Capital Lease Obligation Related Terms

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Sears Canada (Sears Canada) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sears Canada Inc (OTCPK:SRSCQ) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

290 Yonge Street, Suite 700, Toronto, ON, CAN, M5B 2C3

Website

http://www.sears.ca

Sears Canada Inc is in the sale of goods and services through the Company's Retail channels. It comprised of one reportable segment, Merchandising. Which includes its full-line department, Sears Home, Hometown, Outlet, Corbeil Electrique Inc. stores, and its Direct (catalog/internet) channel. It also includes service revenue related primarily to logistics services provided through the Company. Commission revenue includes travel, home improvement services, insurance, wireless and long-distance plans. Licensee fee revenue is comprised of payments received from licensees that operate within the Company stores.

Sears Canada (Sears Canada) Headlines

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Berkowitz's Fairholme Fund Adds Stake In Struggling Sears Canada

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Bruce Berkowitz Comments on Sears Canada

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Fairholme's Bruce Berkowitz Announces New Holding Sears Canada and Increase to Leucadia

By Holly LaFon Holly LaFon • 02-01-2013