Goodfellow (TSX:GDL) Long-Term Capital Lease Obligation : C$7.9 Mil (As of Feb. 2024)

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What is Goodfellow Long-Term Capital Lease Obligation?

Goodfellow's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$7.9 Mil.

Goodfellow's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (C$8.9 Mil) to Nov. 2023 (C$8.5 Mil) and declined from Nov. 2023 (C$8.5 Mil) to Feb. 2024 (C$7.9 Mil).

Goodfellow's annual Long-Term Capital Lease Obligation increased from Nov. 2021 (C$10.9 Mil) to Nov. 2022 (C$12.5 Mil) but then declined from Nov. 2022 (C$12.5 Mil) to Nov. 2023 (C$8.5 Mil).

Goodfellow Long-Term Capital Lease Obligation Historical Data

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

Goodfellow Annual Data

Trend

Aug13

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Long-Term Capital Lease Obligation

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0.03

13.34

10.92

12.54

8.50

Goodfellow Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															11.27	10.19	8.87	8.50	7.88

Goodfellow (TSX:GDL) 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.

Goodfellow Long-Term Capital Lease Obligation Related Terms

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Goodfellow (TSX:GDL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Goodfellow Inc (TSX:GDL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

225 Goodfellow Street, Delson, QC, CAN, J5B 1V5

Website

https://www.goodfellowinc.com

Goodfellow Inc is engaged in various business activities related to remanufacturing and distribution of lumber and wood products. The Company manages its operations under one operating segment i.e. sale of Lumber, Specialty and commodity panels, Flooring and Building materials. Majority of company's revenue is generated from sale of Lumber. The company operates in Canada and The United States; majority revenue is generated from Canada.

Executives

Robert F. Hall

Director