Canfor Pulp Products (TSX:CFX) Long-Term Capital Lease Obligation : C$1.5 Mil (As of Mar. 2024)

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What is Canfor Pulp Products Long-Term Capital Lease Obligation?

Canfor Pulp Products's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1.5 Mil.

Canfor Pulp Products's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$2.0 Mil) to Dec. 2023 (C$1.4 Mil) but then increased from Dec. 2023 (C$1.4 Mil) to Mar. 2024 (C$1.5 Mil).

Canfor Pulp Products's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$2.1 Mil) to Dec. 2022 (C$1.9 Mil) and declined from Dec. 2022 (C$1.9 Mil) to Dec. 2023 (C$1.4 Mil).

Canfor Pulp Products Long-Term Capital Lease Obligation Historical Data

The historical data trend for Canfor Pulp 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.

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Canfor Pulp Products Long-Term Capital Lease Obligation Chart

Canfor Pulp Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.90

1.50

2.10

1.90

1.40

Canfor Pulp 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															1.80	1.80	2.00	1.40	1.50

Canfor Pulp Products (TSX:CFX) 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.

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Canfor Pulp Products (TSX:CFX) Business Description

Industry

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

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Traded in Other Exchanges

CFPUF:USA 8CP:Germany

Address

100-1700 West 75th Avenue, Vancouver, BC, CAN, V6P 6G2

Website

https://www.canfor.com

Canfor Pulp Products Inc produces and sells northern bleached softwood kraft pulp, or NBSK pulp and paper. The company also generates and sells electricity from biomass out of its pulp plants in Western Canada. The firm organizes itself into two segments based on product: pulp and paper. The pulp segment generates Majority of the revenue. Canfor Pulp's NBSK pulp customers are typically manufacturers of tissue paper, specialty paper, and printing and writing paper. Majority of Canfor Pulp's revenue comes from Asia. The majority of the company's shares are owned by Canfor Corporation.

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