Gol Linhas Aereas Inteligentes (Gol Linhas Aereas Inteligentes) Long-Term Capital Lease Obligation : $1,572 Mil (As of Dec. 2023)

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What is Gol Linhas Aereas Inteligentes Long-Term Capital Lease Obligation?

Gol Linhas Aereas Inteligentes's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,572 Mil.

Gol Linhas Aereas Inteligentes's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($1,632 Mil) to Sep. 2023 ($1,621 Mil) and declined from Sep. 2023 ($1,621 Mil) to Dec. 2023 ($1,572 Mil).

Gol Linhas Aereas Inteligentes's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($1,539 Mil) to Dec. 2022 ($1,765 Mil) but then declined from Dec. 2022 ($1,765 Mil) to Dec. 2023 ($1,572 Mil).

Gol Linhas Aereas Inteligentes Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gol Linhas Aereas Inteligentes'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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Gol Linhas Aereas Inteligentes Long-Term Capital Lease Obligation Chart

Gol Linhas Aereas Inteligentes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,132.43

1,218.18

1,539.43

1,765.11

1,571.85

Gol Linhas Aereas Inteligentes 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															1,765.11	1,659.36	1,631.59	1,620.92	1,571.85

Gol Linhas Aereas Inteligentes (OTCPK:GOLLQ) 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.

Gol Linhas Aereas Inteligentes Long-Term Capital Lease Obligation Related Terms

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Gol Linhas Aereas Inteligentes (Gol Linhas Aereas Inteligentes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Gol Linhas Aereas Inteligentes SA (OTCPK:GOLLQ) » Definitions » Long-Term Capital Lease Obligation

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GOQN:Germany GOLL4:Brazil

Address

S/N, Portaria 3, Jardim Aeroporto, Praca Comandante Linneu Gomes, Sao Paulo, SP, BRA, 04626-020

Website

https://www.voegol.com.br

Gol Intelligent Airlines Inc is a Brazilian airline company. It operates in two segments, flight transportation which offers air transportation services and the smiles loyalty program segment which includes redemption of miles traveled for purchasing flight tickets. The company's revenue derives from transporting passengers on aircraft. The company operate both domestic and international flights from which the majority of revenues come in from domestic operations.