Calian Group (TSX:CGY) Long-Term Capital Lease Obligation : C$32.9 Mil (As of Mar. 2024)

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What is Calian Group Long-Term Capital Lease Obligation?

Calian Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$32.9 Mil.

Calian Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$32.1 Mil) to Dec. 2023 (C$33.6 Mil) but then declined from Dec. 2023 (C$33.6 Mil) to Mar. 2024 (C$32.9 Mil).

Calian Group's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (C$14.4 Mil) to Sep. 2022 (C$14.9 Mil) and increased from Sep. 2022 (C$14.9 Mil) to Sep. 2023 (C$32.1 Mil).

Calian Group Long-Term Capital Lease Obligation Historical Data

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

Calian Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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16.80

14.45

14.92

32.06

Calian Group 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															13.19	13.59	32.06	33.57	32.94

Calian Group (TSX:CGY) 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.

Calian Group Long-Term Capital Lease Obligation Related Terms

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Calian Group (TSX:CGY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Calian Group Ltd (TSX:CGY) » Definitions » Long-Term Capital Lease Obligation

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CLNFF:USA

Address

770 Palladium Drive, Ottawa, ON, CAN, K2V 1C8

Website

https://www.calian.com

Calian Group Ltd provides services and solutions to both industry and government customers in the areas of health, learning, defence, security, aerospace, engineering, AgTech, satellite communications (satcom), and IT. The company operates through four segments namely Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS). It generates maximum revenue from the ITCS segment. The ITCS portfolio of the company includes on-demand resourcing, IT and cybersecurity consulting, managed services, Software as a Service (Saas) and others. Geographically, the company generates the majority of its revenue from its operations in Canada and also has presence in United States, Europe and other regions.

Executives

George Brian Weber

Director

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