ATS (TSX:ATS) Long-Term Capital Lease Obligation : C$82 Mil (As of Sep. 2023)

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What is ATS Long-Term Capital Lease Obligation?

ATS's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$82 Mil.

ATS's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (C$73 Mil) to Jun. 2023 (C$72 Mil) but then increased from Jun. 2023 (C$72 Mil) to Sep. 2023 (C$82 Mil).

ATS's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (C$58 Mil) to Mar. 2022 (C$63 Mil) and increased from Mar. 2022 (C$63 Mil) to Mar. 2023 (C$73 Mil).

ATS Long-Term Capital Lease Obligation Historical Data

The historical data trend for ATS'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.

ATS Long-Term Capital Lease Obligation Chart

ATS Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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47.21

57.76

62.86

73.26

ATS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															55.81	57.92	73.26	71.94	81.95

ATS (TSX:ATS) 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.

ATS Long-Term Capital Lease Obligation Related Terms

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ATS (TSX:ATS) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ATS Corp (TSX:ATS) » Definitions » Long-Term Capital Lease Obligation

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ATS:USA

Address

730 Fountain Street North, Building 2, Cambridge, ON, CAN, N3H 4R7

Website

https://www.atsautomation.com

ATS Corp is a Canada-based company that provides automation systems. The company designs and builds customized automated manufacturing and testing systems for customers, and provides pre- and post-automation services. The company's products comprise conveyor systems, automated electrified monorails, tray handlers, laser systems, and other hardware and software products. The company also provides pre-automation solutions, including strategic direction and planning services, as well as aftermarket support. The company's clients come from the life sciences, food and beverage transportation, consumer products and electronics, and energy sectors. The company generates the majority of its sales from the North American and European markets.

Executives