Copa Holdings (Copa Holdings) Long-Term Capital Lease Obligation : $215 Mil (As of Dec. 2023)

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What is Copa Holdings Long-Term Capital Lease Obligation?

Copa Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $215 Mil.

Copa Holdings's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($187 Mil) to Sep. 2023 ($224 Mil) but then declined from Sep. 2023 ($224 Mil) to Dec. 2023 ($215 Mil).

Copa Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($105 Mil) to Dec. 2022 ($158 Mil) and increased from Dec. 2022 ($158 Mil) to Dec. 2023 ($215 Mil).

Copa Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Copa 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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Copa Holdings Long-Term Capital Lease Obligation Chart

Copa Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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206.83

146.91

104.73

158.29

215.35

Copa Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															158.29	162.03	186.56	224.14	215.35

Copa Holdings (NYSE:CPA) 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.

Copa Holdings Long-Term Capital Lease Obligation Related Terms

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Copa Holdings (Copa Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Copa Holdings SA (NYSE:CPA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CPAN:Mexico C2H:Germany C2H:Germany

Address

Costa del Este, Complejo Business Park, Avenida Principal y Avenida de la Rotonda, Torre Norte Parque Lefevre, Panama, PAN

Website

https://www.copaair.com

Copa Holdings SA is a provider of airline passenger and cargo service through its subsidiaries. The company operates through the air transportation segment. It offers international air transportation for passengers, cargo, and mail, operating from its Panama City hub in the Republic of Panama and domestic and international air transportation for passengers, cargo and mail with a point-to-point route network through Copa Colombia a Colombian air carrier. The company's geographical segments are North America, South America, Central America, and Caribbean. It derives a majority of revenue from South America.