TWC Enterprises (TSX:TWC) Long-Term Capital Lease Obligation : C$0.3 Mil (As of Dec. 2023)

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What is TWC Enterprises Long-Term Capital Lease Obligation?

TWC Enterprises's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.3 Mil.

TWC Enterprises's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$0.9 Mil) to Sep. 2023 (C$0.6 Mil) and declined from Sep. 2023 (C$0.6 Mil) to Dec. 2023 (C$0.3 Mil).

TWC Enterprises's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$2.5 Mil) to Dec. 2022 (C$1.3 Mil) and declined from Dec. 2022 (C$1.3 Mil) to Dec. 2023 (C$0.3 Mil).

TWC Enterprises Long-Term Capital Lease Obligation Historical Data

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

TWC Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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12.21

7.02

2.52

1.32

0.25

TWC Enterprises 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															1.32	1.02	0.92	0.59	0.25

TWC Enterprises (TSX:TWC) 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.

TWC Enterprises Long-Term Capital Lease Obligation Related Terms

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TWC Enterprises (TSX:TWC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » TWC Enterprises Ltd (TSX:TWC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CLKXF:USA

Address

15675 Dufferin Street, King City, ON, CAN, L7B 1K5

Website

https://www.twcenterprises.ca

TWC Enterprises Ltd is a leisure services provider in Canada. Its core business is Golf club operations under the brand name ClubLink One Membership More Golf. The company's geographical segment includes Canadian golf club operation and United States golf club operation. It generates maximum revenue from the Canadian golf club operation segment.