TFI International (TSX:TFII) Long-Term Capital Lease Obligation : C$445 Mil (As of Mar. 2024)

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What is TFI International Long-Term Capital Lease Obligation?

TFI International's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$445 Mil.

TFI International's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$392 Mil) to Dec. 2023 (C$446 Mil) but then declined from Dec. 2023 (C$446 Mil) to Mar. 2024 (C$445 Mil).

TFI International's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$402 Mil) to Dec. 2022 (C$404 Mil) and increased from Dec. 2022 (C$404 Mil) to Dec. 2023 (C$446 Mil).

TFI International Long-Term Capital Lease Obligation Historical Data

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

TFI International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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367.76

342.60

401.74

403.62

446.43

TFI International 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															390.64	374.78	392.23	446.43	444.69

TFI International (TSX:TFII) 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.

TFI International Long-Term Capital Lease Obligation Related Terms

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TFI International (TSX:TFII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » TFI International Inc (TSX:TFII) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TFII:USA

Address

8801 Trans-Canada Highway, Suite 500, Saint-Laurent, Montreal, QC, CAN, H4S 1Z6

Website

https://www.tfiintl.com

TFI International Inc is a transportation and logistics company domiciled in Canada. The company organises itself into four segments: package and courier, less-than-truckload, truckload, and logistics. The package and courier segment picks up, transports, and delivers items across North America. The less-than-truckload segment transports smaller loads. The truckload segment transports goods by flatbed trucks, containers, or a more specialised service. The company provides general logistics services through the logistics segment. TFI International derives the majority of revenue domestically, followed by the United States.

Executives

David Joseph Saperstein

Senior Officer