Flight Centre Travel Group (Flight Centre Travel Group) Long-Term Capital Lease Obligation : $0 Mil (As of Dec. 2023)

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What is Flight Centre Travel Group Long-Term Capital Lease Obligation?

Flight Centre Travel Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil.

Flight Centre Travel Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($0 Mil) to Jun. 2023 ($119 Mil) but then declined from Jun. 2023 ($119 Mil) to Dec. 2023 ($0 Mil).

Flight Centre Travel Group's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($205 Mil) to Jun. 2022 ($136 Mil) and declined from Jun. 2022 ($136 Mil) to Jun. 2023 ($119 Mil).

Flight Centre Travel Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Flight Centre Travel Group'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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Flight Centre Travel Group Long-Term Capital Lease Obligation Chart

Flight Centre Travel Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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270.84

204.64

136.07

119.16

Flight Centre Travel Group 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															-	136.07	-	119.16	-

Flight Centre Travel Group (OTCPK:FGETF) 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.

Flight Centre Travel Group Long-Term Capital Lease Obligation Related Terms

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Flight Centre Travel Group (Flight Centre Travel Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Flight Centre Travel Group Ltd (OTCPK:FGETF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

FLI:Germany FLT:Australia

Address

275 Grey Street, South Brisbane, Brisbane, QLD, AUS, 4101

Website

https://www.fctgl.com

Flight Centre Travel is one of the largest travel agencies in the world. It operates an large network of shops globally, most of them located in Australia, the United States, and Europe. The group operates across the whole spectrum of the travel services market, including leisure travel retailing, in-destination experiences, corporate travel arrangement, and youth travel retailing. The services are facilitated via some 40 brands, with Flight Centre being the flagship brand in the leisure segment and FCM Travel the key brand in the corporate.

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