Canadian National Railway Co (Canadian National Railway Co) Long-Term Capital Lease Obligation : $195 Mil (As of Mar. 2024)

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What is Canadian National Railway Co Long-Term Capital Lease Obligation?

Canadian National Railway Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $195 Mil.

Canadian National Railway Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($228 Mil) to Dec. 2023 ($222 Mil) and declined from Dec. 2023 ($222 Mil) to Mar. 2024 ($195 Mil).

Canadian National Railway Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($252 Mil) to Dec. 2022 ($251 Mil) and declined from Dec. 2022 ($251 Mil) to Dec. 2023 ($222 Mil).

Canadian National Railway Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Canadian National Railway 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.

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Canadian National Railway Co Long-Term Capital Lease Obligation Chart

Canadian National Railway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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287.80

242.80

251.56

251.01

222.12

Canadian National Railway Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															233.87	222.04	228.36	222.12	195.04

Canadian National Railway Co (NYSE:CNI) 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.

Canadian National Railway Co Long-Term Capital Lease Obligation Related Terms

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Canadian National Railway Co (Canadian National Railway Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canadian National Railway Co (NYSE:CNI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CNI:Mexico CY2:Germany CY2:Germany CNR:Canada CNIC34:Brazil

Address

935 de La Gauchetiere Street West, Montreal, QC, CAN, H3B 2M9

Website

https://www.cn.ca

Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2022, CN generated roughly CAD 17.1 billion in revenue by hauling intermodal containers (29% of consolidated revenue), petroleum and chemicals (19%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (5%), and coal (5%). Other items constitute the remaining revenue.