Logistec (TSX:LGT.A) Long-Term Capital Lease Obligation : C$163.5 Mil (As of Sep. 2023)

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What is Logistec Long-Term Capital Lease Obligation?

Logistec's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$163.5 Mil.

Logistec's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (C$158.9 Mil) to Jun. 2023 (C$152.2 Mil) but then increased from Jun. 2023 (C$152.2 Mil) to Sep. 2023 (C$163.5 Mil).

Logistec's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (C$116.9 Mil) to Dec. 2021 (C$125.2 Mil) and increased from Dec. 2021 (C$125.2 Mil) to Dec. 2022 (C$157.5 Mil).

Logistec Long-Term Capital Lease Obligation Historical Data

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

Logistec Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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81.50

116.90

125.25

157.50

Logistec 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															151.62	157.50	158.94	152.24	163.46

Logistec (TSX:LGT.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.

Logistec Long-Term Capital Lease Obligation Related Terms

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Logistec (TSX:LGT.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Logistec Corp (TSX:LGT.A) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

LTKBF:USA LGT.B:Canada

Address

600 De La Gauchetiere Street West, 14th Floor, Montreal, QC, CAN, H3B 4L2

Website

https://www.logistec.com

Logistec Corp provides specialized cargo handling and other services to a wide variety of marine, industrial and municipal customers. It has cargo handling facilities in ports across North America and offers marine agency services to foreign shipowners and operators serving the Canadian market. The company is widely diversified on the basis of cargo type and port location with a balance between import and export activities. The company is organized and operate in two industry segments: Marine services, and Environmental services. The Marine Services Segment which is the key revenue-generating segment provides cargo handling and other services to marine and industrial customers. It has a business presence in Canada and the US.

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