ABC Technologies Holdings (TSX:ABCT) Long-Term Capital Lease Obligation : C$468 Mil (As of Jun. 2023)

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What is ABC Technologies Holdings Long-Term Capital Lease Obligation?

ABC Technologies Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$468 Mil.

ABC Technologies Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (C$258 Mil) to Mar. 2023 (C$256 Mil) but then increased from Mar. 2023 (C$256 Mil) to Jun. 2023 (C$468 Mil).

ABC Technologies Holdings's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (C$191 Mil) to Jun. 2022 (C$225 Mil) and increased from Jun. 2022 (C$225 Mil) to Jun. 2023 (C$468 Mil).

ABC Technologies Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for ABC Technologies Holdings'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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ABC Technologies Holdings Long-Term Capital Lease Obligation Chart

ABC Technologies Holdings Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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208.49

191.12

225.27

467.98

ABC Technologies Holdings Quarterly Data
	Jun18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												225.27	228.33	257.96	255.75	467.98

ABC Technologies Holdings (TSX:ABCT) 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.

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ABC Technologies Holdings (TSX:ABCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ABC Technologies Holdings Inc (TSX:ABCT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Norelco Drive, Toronto, ON, CAN, M9L 2X6

Website

https://www.abctechnologies.com

ABC Technologies Holdings Inc is a manufacturer and supplier of custom, highly engineered, technical plastics and light weighting innovations to the North American light vehicle industry. Its geographical segment includes Canada, United States, Mexico, and Rest of World. The company derives a majority of its revenue from the United States segment.

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