Carnival (BSP:C1CL34) Long-Term Capital Lease Obligation : R$5,646 Mil (As of Feb. 2024)

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What is Carnival Long-Term Capital Lease Obligation?

Carnival's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was R$5,646 Mil.

Carnival's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (R$5,783 Mil) to Nov. 2023 (R$5,731 Mil) and declined from Nov. 2023 (R$5,731 Mil) to Feb. 2024 (R$5,646 Mil).

Carnival's annual Long-Term Capital Lease Obligation declined from Nov. 2021 (R$6,897 Mil) to Nov. 2022 (R$6,264 Mil) and declined from Nov. 2022 (R$6,264 Mil) to Nov. 2023 (R$5,731 Mil).

Carnival Long-Term Capital Lease Obligation Historical Data

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

Carnival Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Long-Term Capital Lease Obligation

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6,935.56

6,897.27

6,263.65

5,730.66

Carnival Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5,947.56	6,017.41	5,783.42	5,730.66	5,645.50

Carnival (BSP:C1CL34) 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.

Carnival Long-Term Capital Lease Obligation Related Terms

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Carnival (BSP:C1CL34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Carnival Corp (BSP:C1CL34) » Definitions » Long-Term Capital Lease Obligation

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Address

3655 N.W. 87th Avenue, Miami, FL, USA, 33178-2428

Website

https://www.carnivalcorp.com

Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe; and P&O Cruises in Australia. Carnival also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to COVID-19, a level it has reached again in 2023.

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