Jet2 (DRTGF) Long-Term Capital Lease Obligation : $654 Mil (As of Sep. 2023)

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What is Jet2 Long-Term Capital Lease Obligation?

Jet2's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $654 Mil.

Jet2's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($631 Mil) to Mar. 2023 ($660 Mil) but then declined from Mar. 2023 ($660 Mil) to Sep. 2023 ($654 Mil).

Jet2's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($687 Mil) to Mar. 2022 ($664 Mil) and declined from Mar. 2022 ($664 Mil) to Mar. 2023 ($660 Mil).

Jet2 Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jet2'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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Jet2 Long-Term Capital Lease Obligation Chart

Jet2 Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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848.35

738.24

686.55

663.64

660.19

Jet2 Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															660.58	663.64	630.58	660.19	654.08

Jet2 (OTCPK:DRTGF) 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.

Jet2 Long-Term Capital Lease Obligation Related Terms

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Jet2 (DRTGF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jet2 PLC (OTCPK:DRTGF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

JET2:UK JET2:UK DG1:Germany

Address

Low Fare Finder House, Leeds Bradford Airport, Leeds, GBR, LS19 7TU

Website

https://www.jet2plc.com

Jet2 PLC provides licensed packages for leisure flights and stays at a multitude of vacation destinations. The company reports in one operating segment: leisure travel. The leisure travel segment delivers scheduled flights by its airline, Jet2.com, to the Mediterranean, Canary Islands, and other European vacation destinations. It utilizes licensed package holidays by its tour operator, Jet2holidays, to offer hotel accommodations and other useful amenities. It revenue through Package holidays and operates mainly in United Kingdom.