Finnair Oyj (OHEL:FIA1S) Long-Term Capital Lease Obligation : €938 Mil (As of Mar. 2024)

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What is Finnair Oyj Long-Term Capital Lease Obligation?

Finnair Oyj's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €938 Mil.

Finnair Oyj's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€1,039 Mil) to Dec. 2023 (€951 Mil) and declined from Dec. 2023 (€951 Mil) to Mar. 2024 (€938 Mil).

Finnair Oyj's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€1,204 Mil) to Dec. 2022 (€1,128 Mil) and declined from Dec. 2022 (€1,128 Mil) to Dec. 2023 (€951 Mil).

Finnair Oyj Long-Term Capital Lease Obligation Historical Data

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

Finnair Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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913.60

880.60

1,204.10

1,128.00

951.00

Finnair Oyj 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															1,067.30	1,026.70	1,038.60	951.00	937.80

Finnair Oyj (OHEL:FIA1S) 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.

Finnair Oyj Long-Term Capital Lease Obligation Related Terms

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Finnair Oyj (OHEL:FIA1S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Finnair Oyj (OHEL:FIA1S) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

FNNNF:USA 0EG8:UK FAI:Germany

Address

Tietotie 9 A Helsinki Airport, Vantaa, FIN, 01053

Website

https://company.finnair.com/en

Finnair Oyj is a Finland-based airline company that provides air transport operations and supporting services. It is engaged in delivering services for scheduled passenger and charter traffic as well as cargo sales, customer service and service concepts, flight operations, and activities connected with the procurement and financing of aircraft. The company also provides travel services which consist of travel agency operations as well as tour operations and travel sector software business operations. Its travel services provide various traveling packages to customers through its travel operators and travel agencies, also its support services include catering services, Aircraft maintenance, ground handling, and Airline training.

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