Fair Value of Financial Instruments
 9 Months Ended
Nov. 30, 2023
Fair Value of Financial Instruments  
Fair value of financial instruments

8. Fair Value of Financial Instruments

 

The following tables presents the fair value of the Company’s financial liabilities as at November 30, 2023 and February 28, 2023:

 

 

 

Fair Value as at November 30, 2023

 

 

 

Carrying

Amount

 

 

Fair Value

 

 

Level in the

hierarchy

 

Financial liabilities measured at amortized cost:

 

 

 

 

 

 

 

 

 

Long-term debt

 

$ 

3,315

 

 

$ 

3,290

 

 

Level 2

 

 

 

 

Fair Value as at February 28, 2023

 

 

 

Carrying

Amount

 

 

Fair Value

 

 

Level in the

hierarchy

 

Financial liabilities measured at amortized cost:

 

 

 

 

 

 

 

 

 

Long-term debt

 

$3,302

 

 

$3,280

 

 

Level 2

 

 

The fair value of cash and cash equivalents, restricted cash, customer deposits, other receivables, and accounts payable and accrued liabilities approximate their carrying values due to their short-term maturity.