New Look Vision Group (TSX:BCI) Long-Term Capital Lease Obligation : C$112.3 Mil (As of Mar. 2021)

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What is New Look Vision Group Long-Term Capital Lease Obligation?

New Look Vision Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2021 was C$112.3 Mil.

New Look Vision Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2020 (C$107.7 Mil) to Dec. 2020 (C$113.0 Mil) but then declined from Dec. 2020 (C$113.0 Mil) to Mar. 2021 (C$112.3 Mil).

New Look Vision Group's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2018 (C$0.0 Mil) to Dec. 2019 (C$0.0 Mil) but then increased from Dec. 2019 (C$0.0 Mil) to Dec. 2020 (C$113.0 Mil).

New Look Vision Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for New Look Vision Group'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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New Look Vision Group Long-Term Capital Lease Obligation Chart

New Look Vision Group Annual Data

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Long-Term Capital Lease Obligation

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113.03

New Look Vision Group Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															112.73	110.55	107.72	113.03	112.27

New Look Vision Group (TSX:BCI) 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.

New Look Vision Group Long-Term Capital Lease Obligation Related Terms

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New Look Vision Group (TSX:BCI) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » New Look Vision Group Inc (TSX:BCI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

1 Place Ville-Marie, Suite 3670, Montreal, QC, CAN, H3B 3P2

Website

http://www.newlookvision.ca

New Look Vision Group Inc is an operator of retail stores in Canada. Its main business is that of eye care products and services which function under four main banners: New Look Eyewear, Greiche and Scaff, Vogue Optical, and Iris The Visual Group.

New Look Vision Group (TSX:BCI) Headlines

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