FINGF (Finning International) Long-Term Capital Lease Obligation : $193 Mil (As of Mar. 2025)

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What is Finning International Long-Term Capital Lease Obligation?

Finning International's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was $193 Mil.

Finning International's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 ($192 Mil) to Dec. 2024 ($184 Mil) but then increased from Dec. 2024 ($184 Mil) to Mar. 2025 ($193 Mil).

Finning International's annual Long-Term Capital Lease Obligation declined from Dec. 2022 ($188 Mil) to Dec. 2023 ($175 Mil) but then increased from Dec. 2023 ($175 Mil) to Dec. 2024 ($184 Mil).

Finning International Long-Term Capital Lease Obligation Historical Data

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

Finning International Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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168.63

188.28

187.71

175.16

183.90

Finning International Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															182.48	186.79	191.94	183.90	192.95

Finning International (OTCPK:FINGF) 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.

Finning International Long-Term Capital Lease Obligation Related Terms

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Finning International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Finning International Inc (OTCPK:FINGF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

0UVO:UK CIH:Germany CIH:Germany FTT:Canada

Address

19100 94th Avenue, Surrey, BC, CAN, V4N 5C3

Website

https://www.finning.com

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery. The company operates in Canada, Chile, UK, Argentina and Others.