North American Construction (NOA) Capital Leases (2009 - 2022)

As of Dec 31, 2022, North American Construction's Capital Leases came in at $41.8 million, down 23.6% from the prior year.

• Annual Capital Leases has declined for four consecutive years, though with a five-year compound annual growth rate of 7.5% (years ended Dec 2017 to Dec 2022).
• In prior years, North American Construction's Capital Leases was $54.72 million in the year ended Dec 31, 2021 (-21.2%), $69.47 million in the year ended Dec 31, 2020 (-8.9%), $76.28 million in the year ended Dec 31, 2019 (-11.9%) and $86.57 million in the year ended Dec 31, 2018 (+196.9%).
• The figure for the quarter ended Dec 31, 2022 stands as the lowest quarterly Capital Leases since the quarter ended Dec 31, 2012.
• On a year-over-year basis, Capital Leases increased in 1 of the last eight quarters, with an average decline of 26.2%.
• The strongest year-over-year quarter for Capital Leases in the past five years was the quarter ended Sep 30, 2019, with growth of 212.2%; the weakest was the quarter ended Mar 31, 2022, with a decline of 67.7%.
• According to Business Quant data, Capital Leases for the three prior quarters was $42.98 million (quarter ended Sep 30, 2022), $49.71 million (quarter ended Jun 30, 2022) and $24.63 million (quarter ended Mar 31, 2022).