Spark Power Group (TSX:SPG) Long-Term Capital Lease Obligation : C$24.3 Mil (As of Sep. 2023)

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What is Spark Power Group Long-Term Capital Lease Obligation?

Spark Power Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$24.3 Mil.

Spark Power Group's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (C$26.5 Mil) to Jun. 2023 (C$25.3 Mil) and declined from Jun. 2023 (C$25.3 Mil) to Sep. 2023 (C$24.3 Mil).

Spark Power Group's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (C$11.5 Mil) to Dec. 2021 (C$14.0 Mil) and increased from Dec. 2021 (C$14.0 Mil) to Dec. 2022 (C$27.5 Mil).

Spark Power Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Spark Power Group'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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Spark Power Group Long-Term Capital Lease Obligation Chart

Spark Power Group Annual Data

Trend

Mar18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

12.77

11.49

13.98

27.48

Spark Power Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															27.52	27.48	26.55	25.30	24.32

Spark Power Group (TSX:SPG) 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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Spark Power Group (TSX:SPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Spark Power Group Inc (TSX:SPG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

1337 North Service Road East, Suite 200, Oakville, ON, CAN, L6H 1A7

Website

https://www.sparkpowercorp.com

Spark Power Group Inc provides electrical power services and solutions to North American industrial, commercial, institutional, renewable, and agricultural customers, as well as utility markets including municipalities, universities, schools, and hospitals. Its segments are Technical Services, Renewables, and Corporate. Prime revenue is earned from the Technical services segment which includes the New Electric, Spark High Voltage, Orbis, Lizco and 3-Phase CGUs. It has a business presence in the U.S and Canada.