Fair Value of Financial Instruments
9 Months Ended
Nov. 30, 2021
Fair Value of Financial Instruments  
8. Fair Value of Financial Instruments

8. Fair value of financial instruments

 

The following tables present the fair value of the Company’s financial liabilitiy, being long-term debt as at November 30, 2021 and February 28, 2021:

 

 

 

Fair Value as at November 30, 2021

 

 

 

Carrying

Amount

 

 

Fair Value

 

 

Level in the hierarchy

 

Instruments carried at amortized cost:

 

 

 

 

 

 

 

 

 

Long-term debt

 

$

4,204,573

 

 

$

4,219,305

 

 

Level 2

 

 

 

 

Fair Value at February 28, 2021

 

 

 

Carrying

Amount

 

 

Fair Value

 

 

Level in the hierarchy

 

Instruments carried at amortized cost:

 

 

 

 

 

 

 

 

 

Long-term debt

 

$2,454,123

 

 

$2,464,540

 

 

Level 2