Westjet Airlines (FRA:WC41) Long-Term Capital Lease Obligation : €0 Mil (As of Sep. 2019)

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What is Westjet Airlines Long-Term Capital Lease Obligation?

Westjet Airlines's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2019 was €0 Mil.

Westjet Airlines Long-Term Capital Lease Obligation Historical Data

The historical data trend for Westjet Airlines'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.
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Westjet Airlines Long-Term Capital Lease Obligation Chart

Westjet Airlines Annual Data

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Long-Term Capital Lease Obligation

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Westjet Airlines Quarterly Data
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Westjet Airlines (FRA:WC41) 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.

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Westjet Airlines (FRA:WC41) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Westjet Airlines Ltd (FRA:WC41) » Definitions » Long-Term Capital Lease Obligation

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Address

22 Aerial Place N.E., Calgary, AB, CAN, T2E 3J1

Website

http://www.westjet.com

WestJet is a Canadian airline based in Calgary, Alberta. WestJet operates WestJet Vacations, which provides air, hotel, car, and excursion packages and in 2013 launched WestJet Encore, a regional airline that operates Q400 turboprops, servicing smaller destinations. It also plans to launch an ultra-low-cost carrier (branded Swoop) in 2018. WestJet services over 100 destinations in North America, Central America, the Caribbean, and Europe. The carrier generated roughly CAD 4.5 billion in revenue in 2017.

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