IGM Financial (TSX:IGM) Long-Term Capital Lease Obligation : C$160 Mil (As of Mar. 2025)

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What is IGM Financial Long-Term Capital Lease Obligation?

IGM Financial's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was C$160 Mil.

IGM Financial's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (C$162 Mil) to Dec. 2024 (C$161 Mil) and declined from Dec. 2024 (C$161 Mil) to Mar. 2025 (C$160 Mil).

IGM Financial's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (C$193 Mil) to Dec. 2023 (C$170 Mil) and declined from Dec. 2023 (C$170 Mil) to Dec. 2024 (C$161 Mil).

IGM Financial Long-Term Capital Lease Obligation Historical Data

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

IGM Financial Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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188.33

197.97

192.79

169.94

160.80

IGM Financial Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															170.07	164.79	161.80	160.80	160.29

IGM Financial (TSX:IGM) 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.

IGM Financial Long-Term Capital Lease Obligation Related Terms

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IGM Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » IGM Financial Inc (TSX:IGM) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

IGIFF:USA C7G:Germany

Address

447 Portage Avenue, Winnipeg, MB, CAN, R3B 3H5

Website

https://www.igmfinancial.com

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which holds a 62% equity stake in IGM Financial as well as stakes in Great-West Life, London Life, and Canada Life. IGM has two main operating divisions—asset management (operated through Mackenzie Investments) and wealth management (via its IG Wealth Management subsidiary)—that provide investment management products and services. At the end of October 2024, IGM Financial had CAD 249.1 billion in AUM (including CAD 83.1 billion in AUM that was being managed for its IG Wealth Management arm) at Mackenzie Investments, CAD 120.9 billion in assets under advisement at its IG Wealth Management subsidiary, and CAD 15.6 billion in other AUA.

Executives

Nancy Mccuaig	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Patricia Milloy-alfred	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
James Patrick O'sullivan	Director, Senior Officer
Mark Richard Kinzel	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Heather Conway	Director