CDNAF (Canadian Tire) Long-Term Capital Lease Obligation : $1,554 Mil (As of Sep. 2024)

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What is Canadian Tire Long-Term Capital Lease Obligation?

Canadian Tire's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1,554 Mil.

Canadian Tire's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 ($1,427 Mil) to Jun. 2024 ($1,452 Mil) and increased from Jun. 2024 ($1,452 Mil) to Sep. 2024 ($1,554 Mil).

Canadian Tire's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1,498 Mil) to Dec. 2022 ($1,492 Mil) and declined from Dec. 2022 ($1,492 Mil) to Dec. 2023 ($1,480 Mil).

Canadian Tire Long-Term Capital Lease Obligation Historical Data

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

Canadian Tire Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,420.76

1,480.68

1,497.50

1,491.65

1,480.32

Canadian Tire Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,472.84	1,480.32	1,426.79	1,452.32	1,554.26

Canadian Tire (OTCPK:CDNAF) 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.

Canadian Tire Long-Term Capital Lease Obligation Related Terms

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Canadian Tire Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Canadian Tire Corp Ltd (OTCPK:CDNAF) » Definitions » Long-Term Capital Lease Obligation

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CTC.A:Canada CTC:Canada

Address

2180 Yonge Street, P.O. Box 770, Toronto, ON, CAN, M4P 2V8

Website

https://www.corp.canadiantire.ca

Canadian Tire is a leading general merchandise retailer with over 1,400 affiliated stores across Canada. The company operates about 650 stores, with the remaining operated by franchisees or third-party dealers. The retailer boasts a wide array of owned and affiliated banners that include its iconic namesake brand, Mark's, Sport Chek, Sports Experts, PartSource, Party City, and Helly Hansen. Its wide product assortment includes automotive parts, appliances, home improvement items, sporting goods, and apparel. The firm also offers a loyalty program with 11 million members and owns a financial services arm that manages a credit card portfolio for its more than 2 million active users.