GreenFirst Forest Products (TSX:GFP) Long-Term Capital Lease Obligation : C$1.1 Mil (As of Mar. 2024)

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What is GreenFirst Forest Products Long-Term Capital Lease Obligation?

GreenFirst Forest Products's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1.1 Mil.

GreenFirst Forest Products's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$0.4 Mil) to Dec. 2023 (C$0.7 Mil) and increased from Dec. 2023 (C$0.7 Mil) to Mar. 2024 (C$1.1 Mil).

GreenFirst Forest Products's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$2.1 Mil) to Dec. 2022 (C$1.5 Mil) and declined from Dec. 2022 (C$1.5 Mil) to Dec. 2023 (C$0.7 Mil).

GreenFirst Forest Products Long-Term Capital Lease Obligation Historical Data

The historical data trend for GreenFirst Forest Products'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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GreenFirst Forest Products Long-Term Capital Lease Obligation Chart

GreenFirst Forest Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.13

1.52

0.65

GreenFirst Forest Products Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.47	1.19	0.39	0.65	1.11

GreenFirst Forest Products (TSX:GFP) 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.

GreenFirst Forest Products Long-Term Capital Lease Obligation Related Terms

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GreenFirst Forest Products (TSX:GFP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » GreenFirst Forest Products Inc (TSX:GFP) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ICLTF:USA IMT:Germany

Address

401 The West Mall, Suite 1000, Vancouver, BC, CAN, M9C 5J5

Website

https://www.greenfirst.ca

GreenFirst Forest Products Inc is a forest-first business, focused on sustainable forest management and lumber production. The Company operates through two business segments: forest products and paper products. Through its forest products segment, the Company produces and markets a wide range of forest products for use in residential and commercial construction, including SPF lumber, wood chips, and by-products. The Paper Products segment manufactures and sells paper-grade products used in printing newspapers, promotional materials, food service bags, and other related paper products.

Executives

Michael Clark Mitchell

Director

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