D2L (TSX:DTOL) Long-Term Capital Lease Obligation : C$15.7 Mil (As of Jan. 2024)

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What is D2L Long-Term Capital Lease Obligation?

D2L's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$15.7 Mil.

D2L's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (C$15.7 Mil) to Oct. 2023 (C$16.0 Mil) but then declined from Oct. 2023 (C$16.0 Mil) to Jan. 2024 (C$15.7 Mil).

D2L's annual Long-Term Capital Lease Obligation increased from Jan. 2022 (C$0.9 Mil) to Jan. 2023 (C$15.9 Mil) but then declined from Jan. 2023 (C$15.9 Mil) to Jan. 2024 (C$15.7 Mil).

D2L Long-Term Capital Lease Obligation Historical Data

The historical data trend for D2L'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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D2L Long-Term Capital Lease Obligation Chart

D2L Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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3.89

2.57

0.88

15.94

15.72

D2L Quarterly Data
	Jan19	Jan20	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												15.94	15.93	15.68	15.96	15.72

D2L (TSX:DTOL) 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.

D2L Long-Term Capital Lease Obligation Related Terms

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D2L (TSX:DTOL) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » D2L Inc (TSX:DTOL) » Definitions » Long-Term Capital Lease Obligation

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DTLIF:USA

Address

137 Glasgow Street, Suite 560, Kitchener, ON, CAN, N2G 4X8

Website

https://www.d2l.com

D2L Inc is a learning innovation company. It provides cloud-based learning software for higher education institutions, kindergarten to grade 12 (K-12) schools and districts, and private sector enterprises. The company serves K-12, higher education, associations, and the corporate sector. Its product includes D2L Brightspace and D2L Wave.

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