The Limestone Boat Co (TSXV:BOAT.H) Long-Term Capital Lease Obligation: C$0.56 Mil (As of Dec. 2023)


What is The Limestone Boat Co Long-Term Capital Lease Obligation?

The Limestone Boat Co TSXV:BOAT.H Long-Term Capital Lease Obligation is C$0.56 Mil as of Dec. 2023.

The Limestone Boat Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.56 Mil.

The Limestone Boat Co's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (C$0.00 Mil) to Sep. 2023 (C$0.00 Mil) but then increased from Sep. 2023 (C$0.00 Mil) to Dec. 2023 (C$0.56 Mil).

The Limestone Boat Co  (TSXV:BOAT.H) 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.

The Limestone Boat Co Long-Term Capital Lease Obligation Related Terms

The Limestone Boat Co Long-Term Capital Lease Obligation Historical Data

* Premium members only.

The historical data trend for The Limestone Boat Co'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.

The Limestone Boat Co Long-Term Capital Lease Obligation Chart

The Limestone Boat Co Annual Data
Trend Dec20
Long-Term Capital Lease Obligation
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The Limestone Boat Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Jun23 Sep23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.11 0.07 0.00 0.00 0.56
What does a Long-Term Capital Lease Obligation of C$0.56 Mil mean?
The Limestone Boat Co (TSXV:BOAT.H) has a Long-Term Capital Lease Obligation of C$0.56 Mil as of Dec. 2023. Capital leases are leases where a finance company is typically the legal owner of the asset during the lease term. View historical data on The Limestone Boat Co and its competitors.
Is The Limestone Boat Co's Long-Term Capital Lease Obligation too high?
The Limestone Boat Co's current Long-Term Capital Lease Obligation is C$0.56 Mil.
How does The Limestone Boat Co's Long-Term Capital Lease Obligation compare to USLG and MCOM?
The Limestone Boat Co's Long-Term Capital Lease Obligation of C$0.56 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Long-Term Capital Lease Obligation for a Vehicles & Parts company?
A good Long-Term Capital Lease Obligation depends on the Vehicles & Parts industry context. However, Long-Term Capital Lease Obligation should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Long-Term Capital Lease Obligation mean?
A high Long-Term Capital Lease Obligation can signal that a stock is expensive relative to its fundamentals. Capital leases are leases where a finance company is typically the legal owner of the asset during the lease term. View historical data on The Limestone Boat Co and its competitors. The Limestone Boat Co's current Long-Term Capital Lease Obligation is C$0.56 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Limestone Boat Co stock overvalued right now?
The Limestone Boat Co (TSXV:BOAT.H) has a current Long-Term Capital Lease Obligation of C$0.56 Mil. The current Long-Term Capital Lease Obligation is C$0.56 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Long-Term Capital Lease Obligation calculated?
Long-Term Capital Lease Obligation is calculated from a company's financial statements. For The Limestone Boat Co (TSXV:BOAT.H), the current Long-Term Capital Lease Obligation is C$0.56 Mil as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

The Limestone Boat Co Business Description

Address 64 Hurontario Street, Collingwood, ON, CAN, L9Y 2L6
The Limestone Boat Co Ltd is an owner and builder of Aquasport Boat, Limestone Boat, and Boca Bay boat brands. The company is backed by a large, skilled labor force and dealer partners throughout the United States and the Canadian Great Lakes Region.