Leonardo DRS (XTAE:DRS) Long-Term Capital Lease Obligation : ₪274 Mil (As of Mar. 2024)

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What is Leonardo DRS Long-Term Capital Lease Obligation?

Leonardo DRS's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪274 Mil.

Leonardo DRS's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₪119 Mil) to Dec. 2023 (₪252 Mil) and increased from Dec. 2023 (₪252 Mil) to Mar. 2024 (₪274 Mil).

Leonardo DRS's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₪271 Mil) to Dec. 2022 (₪252 Mil) but then stayed the same from Dec. 2022 (₪252 Mil) to Dec. 2023 (₪252 Mil).

Leonardo DRS Long-Term Capital Lease Obligation Historical Data

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

Leonardo DRS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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326.12

300.18

270.53

252.00

Leonardo DRS Quarterly Data
	Dec18	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														252.00	274.23	118.59	252.00	274.23

Leonardo DRS (XTAE:DRS) 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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Leonardo DRS (XTAE:DRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Leonardo DRS Inc (XTAE:DRS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

DRS:USA 2VZ:Germany

Address

2345 Crystal Drive, Suite 1000, Arlington, VA, USA, 22202

Website

https://www.leonardodrs.com

Leonardo DRS Inc is a provider of defense products and technologies that are used across land, air, sea, space and cyber domains. The diverse array of defense systems and solutions is offered to all branches of the U.S. military, aerospace and defense prime contractors, government intelligence agencies and international military customers for deployment on a wide range of military platforms.