Pet Valu Holdings (TSX:PET) Long-Term Capital Lease Obligation : C$385 Mil (As of Mar. 2024)

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What is Pet Valu Holdings Long-Term Capital Lease Obligation?

Pet Valu Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$385 Mil.

Pet Valu Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$309 Mil) to Dec. 2023 (C$380 Mil) and increased from Dec. 2023 (C$380 Mil) to Mar. 2024 (C$385 Mil).

Pet Valu Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$197 Mil) to Dec. 2022 (C$216 Mil) and increased from Dec. 2022 (C$216 Mil) to Dec. 2023 (C$380 Mil).

Pet Valu Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pet Valu Holdings'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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Pet Valu Holdings Long-Term Capital Lease Obligation Chart

Pet Valu Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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166.83

173.91

196.95

215.97

379.83

Pet Valu Holdings Quarterly Data
	Dec18	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														218.87	304.84	308.53	379.83	384.96

Pet Valu Holdings (TSX:PET) 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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Pet Valu Holdings (TSX:PET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pet Valu Holdings Ltd (TSX:PET) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

PTVLF:USA

Address

130 Royal Crest Court, Markham, ON, CAN, L3R0A1

Website

https://www.petvalu.com

Pet Valu Holdings Ltd is engaged in providing pet-related products through its stores. Its products include Dry Food, Wet Food, Frozen raw food, Jerky Treats, and Training treats among others. The services offered by the company include Dog Wash, Adoption, Grooming, and Frozen Raw.

Executives