Parkland (TSX:PKI) Long-Term Capital Lease Obligation : C$784 Mil (As of Mar. 2025)

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What is Parkland Long-Term Capital Lease Obligation?

Parkland's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was C$784 Mil.

Parkland's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (C$748 Mil) to Dec. 2024 (C$793 Mil) but then declined from Dec. 2024 (C$793 Mil) to Mar. 2025 (C$784 Mil).

Parkland's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (C$656 Mil) to Dec. 2023 (C$858 Mil) but then declined from Dec. 2023 (C$858 Mil) to Dec. 2024 (C$793 Mil).

Parkland Long-Term Capital Lease Obligation Historical Data

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

Parkland Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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398.00

656.00

858.00

793.00

Parkland 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															867.00	850.00	748.00	793.00	784.00

Parkland (TSX:PKI) 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.

Parkland Long-Term Capital Lease Obligation Related Terms

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Parkland Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parkland Corp (TSX:PKI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

PKIUF:USA PF6:Germany PF6:Germany

Address

240 - 4th Avenue South west, Suite 1800, Calgary, AB, CAN, T2P 4H4

Website

https://www.parkland.ca

Parkland Corp is a fuel distributor, marketer, and convenience retailer, with operations in countries across the Americas. Parkland delivers refined fuels, propane, and other high-quality petroleum products to motorists, businesses, consumers, and wholesale customers across the Americas. The company's operating segments include: Canada, International, USA, Refining, and Corporate. It derives maximum revenue from Canada segment.

Executives

Chad Jason Graves	Senior Officer
Michael Christian Jennings	Director
Mariame Patricia Mcintosh	Director
Darren Robert Smart	Senior Officer
Nora Duke	Director
James Allan Neate	Director
Marcel Teunissen	Senior Officer
Ian James White	Senior Officer
Robert Berthold Espey	Senior Officer
Pierre Patrick Gerard Magnan	Senior Officer
Lisa Colnett	Director
Ryan Curtis Krogmeier	Senior Officer
James Pantelidis	Director
John Frederick Bechtold	Director
David Spencer	Director

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