Interfor (TSX:IFP) Long-Term Capital Lease Obligation : C$23 Mil (As of Dec. 2023)

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What is Interfor Long-Term Capital Lease Obligation?

Interfor's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$23 Mil.

Interfor's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (C$20 Mil) to Sep. 2023 (C$21 Mil) and increased from Sep. 2023 (C$21 Mil) to Dec. 2023 (C$23 Mil).

Interfor's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$27 Mil) to Dec. 2022 (C$20 Mil) but then increased from Dec. 2022 (C$20 Mil) to Dec. 2023 (C$23 Mil).

Interfor Long-Term Capital Lease Obligation Historical Data

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

Interfor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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27.72

28.54

26.85

20.40

23.10

Interfor Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															20.40	20.22	20.30	20.80	23.10

Interfor (TSX:IFP) 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.

Interfor Long-Term Capital Lease Obligation Related Terms

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Interfor (TSX:IFP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Interfor Corp (TSX:IFP) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

IFSPF:USA 8IF1:Germany

Address

1600-4720 Kingsway, Metrotower II, Burnaby, BC, CAN, V5H 4N2

Website

https://www.interfor.com

Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests. The company's primary customers are in the construction and renovation industries. The majority of revenue is generated from the sale of lumber. The majority of Interfor's revenue comes from the United States.

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