Enterprise Group (TSX:E) Long-Term Capital Lease Obligation : C$3.01 Mil (As of Dec. 2023)

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What is Enterprise Group Long-Term Capital Lease Obligation?

Enterprise Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$3.01 Mil.

Enterprise Group's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (C$0.60 Mil) to Sep. 2023 (C$0.75 Mil) and increased from Sep. 2023 (C$0.75 Mil) to Dec. 2023 (C$3.01 Mil).

Enterprise Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$0.35 Mil) to Dec. 2022 (C$0.53 Mil) and increased from Dec. 2022 (C$0.53 Mil) to Dec. 2023 (C$3.01 Mil).

Enterprise Group Long-Term Capital Lease Obligation Historical Data

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

Enterprise Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.79

0.81

0.35

0.53

3.01

Enterprise Group 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															0.53	0.64	0.60	0.75	3.01

Enterprise Group (TSX:E) 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.

Enterprise Group Long-Term Capital Lease Obligation Related Terms

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Enterprise Group (TSX:E) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enterprise Group Inc (TSX:E) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ETOLF:USA 3EO1:Germany

Address

64 Riel Drive, Suite 2, St. Albert, AB, CAN, T8N 5B3

Website

https://www.enterprisegrp.ca

Enterprise Group Inc is an equipment rental and construction services company operating in the utility, energy, and construction industries. Its focus is specialty equipment rentals. The company has a fleet of trucks and heavy equipment to provide rental services for heavy equipment, flameless heating units and oilfield site service infrastructure throughout Western Canada.