CGI (TSX:GIB.A) Long-Term Capital Lease Obligation : C$404 Mil (As of Dec. 2023)

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What is CGI Long-Term Capital Lease Obligation?

CGI's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$404 Mil.

CGI's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$504 Mil) to Sep. 2023 (C$443 Mil) and declined from Sep. 2023 (C$443 Mil) to Dec. 2023 (C$404 Mil).

CGI's annual Long-Term Capital Lease Obligation declined from Sep. 2021 (C$609 Mil) to Sep. 2022 (C$551 Mil) and declined from Sep. 2022 (C$551 Mil) to Sep. 2023 (C$443 Mil).

CGI Long-Term Capital Lease Obligation Historical Data

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

CGI Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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697.65

609.12

551.26

443.11

CGI 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															544.02	525.47	504.45	443.11	404.38

CGI (TSX:GIB.A) 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.

CGI Long-Term Capital Lease Obligation Related Terms

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CGI (TSX:GIB.A) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » CGI Inc (TSX:GIB.A) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

GIB:USA CJ5A:Germany

Address

1350 Rene-Levesque Boulevard West, 25th Floor, Montreal, QC, CAN, H3G 1T4

Website

https://www.cgi.com

CGI Inc. is a Canada-based IT-services provider with an embedded position in North America and Europe. The company generates more than CAD 14 billion in annual revenue, employs over 90,000 personnel, and operates across 400 offices in 40 countries. CGI offers a broad portfolio of services such as consulting, systems integration, application maintenance, and business process services, or BPS. The company's largest vertical market is government, which contributes more than a third of group revenue.

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