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GDI Integrated Facility Services (TSX:GDI) Long-Term Capital Lease Obligation : C$0 Mil (As of Dec. 2023)


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What is GDI Integrated Facility Services Long-Term Capital Lease Obligation?

GDI Integrated Facility Services's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0 Mil.


GDI Integrated Facility Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for GDI Integrated Facility Services'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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GDI Integrated Facility Services Long-Term Capital Lease Obligation Chart

GDI Integrated Facility Services Annual Data
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Long-Term Capital Lease Obligation
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GDI Integrated Facility Services Quarterly Data
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GDI Integrated Facility Services  (TSX:GDI) 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.

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GDI Integrated Facility Services (TSX:GDI) Business Description

Traded in Other Exchanges
Address
695, 90th Avenue, LaSalle, Montreal, QC, CAN, H8R 3A4
GDI Integrated Facility Services Inc is engaged in the facility services sector. The company's operating segment includes Janitorial Canada, Janitorial USA, Technical services, and Complementary Services. It generates maximum revenue from the Technical Services segment. The Technical Services segment provides building system controls, mechanical maintenance and services in relation to heating, ventilation, air conditioning (HVAC), electrical, energy engineering service offering and energy performance optimization, cabling for data transport, high voltage for commercial, industrial, institutional, government and residential building clients.

GDI Integrated Facility Services (TSX:GDI) Headlines

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