BRP (DOOO) Long-Term Capital Lease Obligation : $106 Mil (As of Jan. 2024)

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What is BRP Long-Term Capital Lease Obligation?

BRP's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $106 Mil.

BRP's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 ($107 Mil) to Oct. 2023 ($101 Mil) but then increased from Oct. 2023 ($101 Mil) to Jan. 2024 ($106 Mil).

BRP's annual Long-Term Capital Lease Obligation increased from Jan. 2022 ($93 Mil) to Jan. 2023 ($113 Mil) but then declined from Jan. 2023 ($113 Mil) to Jan. 2024 ($106 Mil).

BRP Long-Term Capital Lease Obligation Historical Data

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

BRP Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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159.91

162.12

93.09

113.40

105.79

BRP Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															113.40	112.36	107.34	101.01	105.79

BRP (NAS:DOOO) 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.

BRP Long-Term Capital Lease Obligation Related Terms

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BRP (DOOO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BRP Inc (NAS:DOOO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

DOO:Canada

Address

726 Saint-Joseph Street, Valcourt, QC, CAN, J0E 2L0

Website

https://www.brp.com

BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after shuttering the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia). At the end of fiscal 2023, the company sold its products through a network of more than 2,600 independent dealers and 150 distributors in about 130 countries.