Transat AT (Transat AT) Long-Term Capital Lease Obligation : $736 Mil (As of Jan. 2024)

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What is Transat AT Long-Term Capital Lease Obligation?

Transat AT's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $736 Mil.

Transat AT's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 ($754 Mil) to Oct. 2023 ($781 Mil) but then declined from Oct. 2023 ($781 Mil) to Jan. 2024 ($736 Mil).

Transat AT's annual Long-Term Capital Lease Obligation increased from Oct. 2021 ($631 Mil) to Oct. 2022 ($695 Mil) and increased from Oct. 2022 ($695 Mil) to Oct. 2023 ($781 Mil).

Transat AT Long-Term Capital Lease Obligation Historical Data

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

Transat AT Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

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534.06

631.17

694.53

781.22

Transat AT Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	681.26	754.11	781.22	736.20

Transat AT (OTCPK:TRZBF) 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.

Transat AT Long-Term Capital Lease Obligation Related Terms

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Transat AT (Transat AT) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Transat AT Inc (OTCPK:TRZBF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

1TJ:Germany TRZ:Canada

Address

300 Leo-Pariseau Street, Suite 600, Montreal, QC, CAN, H2X 4C2

Website

https://www.transat.com

Transat A.T. Inc is a Canadian company that specializes in the organization, marketing, and distribution of holiday travel in the tourism industry. The company offers vacation packages, hotel stays, and air travel under the Transat and Air Transat brands. The company's core business consists of a Canadian leisure airline based in Canada that is vertically integrated with its other services of holiday packages, distribution through a dynamic travel agency network, value-added services at travel destinations, and accommodations. Its geographical segments include the Transatlantic, Americas, and others. It operates in one segment namely holiday travel.

Transat AT (Transat AT) Headlines

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