SNDL (SNDL) Long-Term Capital Lease Obligation : $101.7 Mil (As of Dec. 2023)

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What is SNDL Long-Term Capital Lease Obligation?

SNDL's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $101.7 Mil.

SNDL's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($102.5 Mil) to Sep. 2023 ($101.4 Mil) but then increased from Sep. 2023 ($101.4 Mil) to Dec. 2023 ($101.7 Mil).

SNDL's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($21.7 Mil) to Dec. 2022 ($102.8 Mil) but then declined from Dec. 2022 ($102.8 Mil) to Dec. 2023 ($101.7 Mil).

SNDL Long-Term Capital Lease Obligation Historical Data

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

SNDL Annual Data

Trend

Feb17

Feb18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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12.32

0.81

21.70

102.78

101.74

SNDL 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															102.78	104.35	102.47	101.40	101.74

SNDL (NAS:SNDL) 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.

SNDL Long-Term Capital Lease Obligation Related Terms

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SNDL (SNDL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » SNDL Inc (NAS:SNDL) » Definitions » Long-Term Capital Lease Obligation

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Address

919-11 Avenue South West, Suite 300, Calgary, AB, CAN, T2R 1P3

Website

https://www.sndl.com

SNDL Inc is the largest private-sector liquor and cannabis retailer in Canada with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, and Spiritleaf. Principal activities of the company are the retailing of wines, beers and spirits. It comprised of four reportable segments: liquor retail, cannabis retail, cannabis operations, and investments. Liquor retail includes the sale of wines, beers and spirits through owned liquor stores. Company generates maximum revenue from liquor retail.