Power of Canada (TSX:POW) Long-Term Capital Lease Obligation : C$740 Mil (As of Dec. 2023)

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What is Power of Canada Long-Term Capital Lease Obligation?

Power of Canada's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$740 Mil.

Power of Canada's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (C$0 Mil) to Sep. 2023 (C$0 Mil) but then increased from Sep. 2023 (C$0 Mil) to Dec. 2023 (C$740 Mil).

Power of Canada's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$886 Mil) to Dec. 2022 (C$916 Mil) but then declined from Dec. 2022 (C$916 Mil) to Dec. 2023 (C$740 Mil).

Power of Canada Long-Term Capital Lease Obligation Historical Data

The historical data trend for Power of Canada'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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Power of Canada Long-Term Capital Lease Obligation Chart

Power of Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,022.00

869.00

886.00

916.00

740.00

Power of Canada 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															916.00	-	-	-	740.00

Power of Canada (TSX:POW) 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.

Power of Canada Long-Term Capital Lease Obligation Related Terms

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Power of Canada (TSX:POW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Power Corporation of Canada (TSX:POW) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PWCDF:USA PCR:Germany POW.PR.G.PFD:Canada POW.PR.E:Canada POW.PR.D.PFD:Canada POW.PR.C.PFD:Canada POW.PR.B.PFD:Canada POW.PR.A.PFD:Canada

Address

751 Victoria Square, Montreal, QC, CAN, H2Y 2J3

Website

https://www.powercorporation.com

Power Corporation of Canada is a holding company with controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada's largest nonbank asset manager), and other alternative asset-management platforms (Sagard and Power Sustainable). The company also has minority interests in Groupe Bruxelles Lambert (a holding company with interests in European companies) and ChinaAMC (an asset manager in China).

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