Cathay Pacific Airways (Cathay Pacific Airways) Long-Term Capital Lease Obligation : $3,098 Mil (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Cathay Pacific Airways Long-Term Capital Lease Obligation?

Cathay Pacific Airways's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,098 Mil.

Cathay Pacific Airways's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($3,312 Mil) to Jun. 2023 ($2,996 Mil) but then increased from Jun. 2023 ($2,996 Mil) to Dec. 2023 ($3,098 Mil).

Cathay Pacific Airways's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($3,647 Mil) to Dec. 2022 ($3,312 Mil) and declined from Dec. 2022 ($3,312 Mil) to Dec. 2023 ($3,098 Mil).

Cathay Pacific Airways Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cathay Pacific Airways'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.

* Premium members only.

Cathay Pacific Airways Long-Term Capital Lease Obligation Chart

Cathay Pacific Airways Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

4,276.25

3,985.86

3,647.01

3,312.23

3,098.03

Cathay Pacific Airways Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3,647.01	3,321.44	3,312.23	2,996.17	3,098.03

Cathay Pacific Airways (OTCPK:CPCAY) 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.

Cathay Pacific Airways Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Cathay Pacific Airways's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Cathay Pacific Airways (Cathay Pacific Airways) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Cathay Pacific Airways Ltd (OTCPK:CPCAY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CPCAF:USA 00293:Hong Kong CTYA:Germany CTY:Germany CTYA:Germany CTY:Germany

Address

88 Queensway, 33rd Floor, One Pacific Place, Hong Kong, HKG

Website

https://www.cathaypacific.com

Cathay Pacific Airways is the largest airline group in Hong Kong. It operated a fleet of 222 aircraft as of December 2022 and carried more than 35 million passengers in 2019. Its route network extends to 119 destinations in 35 countries. The group operates the full-service airline Cathay Pacific and the low-cost carrier HK Express. It also runs the cargo carrier Air Hong Kong.

Cathay Pacific Airways (Cathay Pacific Airways) Headlines

From GuruFocus

Cathay Pacific Airways Launches 12-week Cargo Service to Pittsburgh, Pennsylvania

By PRNewswire PRNewswire • 09-21-2020