Western Forest Products (TSX:WEF) Long-Term Capital Lease Obligation : C$12.6 Mil (As of Mar. 2024)

View and export this data going back to 2004. Start your Free Trial

What is Western Forest Products Long-Term Capital Lease Obligation?

Western Forest Products's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$12.6 Mil.

Western Forest Products's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$15.2 Mil) to Dec. 2023 (C$13.0 Mil) and declined from Dec. 2023 (C$13.0 Mil) to Mar. 2024 (C$12.6 Mil).

Western Forest Products's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$12.8 Mil) to Dec. 2022 (C$16.4 Mil) but then declined from Dec. 2022 (C$16.4 Mil) to Dec. 2023 (C$13.0 Mil).

Western Forest Products Long-Term Capital Lease Obligation Historical Data

The historical data trend for Western Forest Products'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.

* Premium members only.

Western Forest Products Long-Term Capital Lease Obligation Chart

Western Forest Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

15.00

15.40

12.80

16.40

13.00

Western Forest Products 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															16.00	14.60	15.20	13.00	12.60

Western Forest Products (TSX:WEF) 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.

Western Forest Products Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Western Forest Products's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Western Forest Products (TSX:WEF) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

WFSTF:USA NWF:Germany

Address

1055 West Georgia Street, Suite 800, P.O. Box 11122, Royal Centre Building, Vancouver, BC, CAN, V6E 3P3

Website

https://www.westernforest.com

Western Forest Products Inc is a Canada-based softwood forest products company. The company's principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprises Timber harvesting, Log sales, and Lumber manufacturing and sales. The firm purchases and harvests logs which are then manufactured into lumber products at its sawmills, or sold. Canada and the United States, represent the company's large markets and contribute the vast majority of its total revenue.

Executives

Glen Douglas Nontell

Senior Officer

Western Forest Products (TSX:WEF) Headlines

No Headlines