Safran (Safran) Long-Term Capital Lease Obligation : $511 Mil (As of Dec. 2023)

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What is Safran Long-Term Capital Lease Obligation?

Safran's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $511 Mil.

Safran's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($510 Mil) to Jun. 2023 ($503 Mil) but then increased from Jun. 2023 ($503 Mil) to Dec. 2023 ($511 Mil).

Safran's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($579 Mil) to Dec. 2022 ($510 Mil) but then increased from Dec. 2022 ($510 Mil) to Dec. 2023 ($511 Mil).

Safran Long-Term Capital Lease Obligation Historical Data

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

Safran Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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675.56

600.97

578.53

509.53

511.45

Safran 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															578.53	541.23	509.53	502.71	511.45

Safran (OTCPK:SAFRY) 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.

Safran Long-Term Capital Lease Obligation Related Terms

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Safran (Safran) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Safran SA (OTCPK:SAFRY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SAFRF:USA SAFp:UK 0IU8:UK SAF:France SEJU:Germany

Address

2, boulevard du General-Martial-Valin, Paris, FRA, 75015

Website

https://www.safran-group.com

Safran is a key player in the global commercial and military aerospace propulsion and equipment sectors. The group has three reportable segments: aerospace propulsion (commercial and military aircraft engines and spare parts); aircraft equipment, defense, and aerosystems (diversified business supplying components ranging from landing gear to avionics); and aircraft interiors (seats, cabins, and in-flight entertainment systems). Safran is a partner to the CFM joint venture with GE Aviation, which produces narrow-body engines.