CCL Industries (TSX:CCL.A) Long-Term Capital Lease Obligation : C$163 Mil (As of Dec. 2023)

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What is CCL Industries Long-Term Capital Lease Obligation?

CCL Industries's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$163 Mil.

CCL Industries's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (C$146 Mil) to Sep. 2023 (C$165 Mil) but then declined from Sep. 2023 (C$165 Mil) to Dec. 2023 (C$163 Mil).

CCL Industries's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$112 Mil) to Dec. 2022 (C$140 Mil) and increased from Dec. 2022 (C$140 Mil) to Dec. 2023 (C$163 Mil).

CCL Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for CCL Industries'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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CCL Industries Long-Term Capital Lease Obligation Chart

CCL Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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110.90

119.20

111.90

139.60

162.70

CCL Industries 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															139.60	146.80	146.30	164.60	162.70

CCL Industries (TSX:CCL.A) 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.

CCL Industries Long-Term Capital Lease Obligation Related Terms

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CCL Industries (TSX:CCL.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » CCL Industries Inc (TSX:CCL.A) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CCLLF:USA CCDBF:USA CCL.B:Canada

Address

111 Gordon Baker Road, Suite 801, Toronto, ON, CAN, M2H 3R1

Website

https://www.cclind.com

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions. Innovia segment manufactures specialty films. Its geographical segments include Canada; USA and Puerto Rico; Mexico, Brazil, Chile and Argentina; Europe; and Asia, Australia, Africa and New Zealand.

CCL Industries (TSX:CCL.A) Headlines

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