China Southern Airlines Co (FRA:ZNH) Long-Term Capital Lease Obligation : €8,896 Mil (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is China Southern Airlines Co Long-Term Capital Lease Obligation?

China Southern Airlines Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €8,896 Mil.

China Southern Airlines Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€8,787 Mil) to Dec. 2023 (€8,891 Mil) and increased from Dec. 2023 (€8,891 Mil) to Mar. 2024 (€8,896 Mil).

China Southern Airlines Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€11,386 Mil) to Dec. 2022 (€9,880 Mil) and declined from Dec. 2022 (€9,880 Mil) to Dec. 2023 (€8,891 Mil).

China Southern Airlines Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Southern Airlines Co'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.

* Premium members only.

China Southern Airlines Co Long-Term Capital Lease Obligation Chart

China Southern Airlines Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

14,638.27

12,605.73

11,385.94

9,879.52

8,891.31

China Southern Airlines Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															9,404.79	8,984.86	8,786.58	8,891.31	8,895.70

China Southern Airlines Co (FRA:ZNH) 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.

China Southern Airlines Co Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of China Southern Airlines Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

China Southern Airlines Co (FRA:ZNH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Southern Airlines Co Ltd (FRA:ZNH) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CHKIF:USA 01055:Hong Kong ZNHH:Germany ZNHH:Germany 600029:China

Address

68 Qixin Road, China Southern Air Building, Baiyun District, Guangdong Province, Guangzhou, CHN, 510403

Website

https://www.csair.com

China Southern Airlines is based in Guangzhou and is one of the three largest state-owned airlines in China. The group operated a fleet of 894 aircraft as of 2022 and carried more than 150 million passengers in prepandemic 2019, ranking first in Asia. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs like Guangzhou and Beijing. The group's route network extends to over 243 destinations and 44 countries and regions.

China Southern Airlines Co (FRA:ZNH) Headlines

No Headlines