FedEx (BSP:FDXB34) Long-Term Capital Lease Obligation : R$73,808 Mil (As of Feb. 2024)

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What is FedEx Long-Term Capital Lease Obligation?

FedEx's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was R$73,808 Mil.

FedEx's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (R$75,175 Mil) to Nov. 2023 (R$74,557 Mil) and declined from Nov. 2023 (R$74,557 Mil) to Feb. 2024 (R$73,808 Mil).

FedEx's annual Long-Term Capital Lease Obligation increased from May. 2021 (R$72,957 Mil) to May. 2022 (R$74,040 Mil) and increased from May. 2022 (R$74,040 Mil) to May. 2023 (R$80,139 Mil).

FedEx Long-Term Capital Lease Obligation Historical Data

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

FedEx Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

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71,219.98

72,956.90

74,040.47

80,139.15

FedEx 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															79,644.44	80,139.15	75,174.61	74,557.36	73,808.27

FedEx (BSP:FDXB34) 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.

FedEx Long-Term Capital Lease Obligation Related Terms

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FedEx (BSP:FDXB34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FedEx Corp (BSP:FDXB34) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

FDX:USA FDX:Peru FDX:Mexico 1FDX:Italy FDX:Germany FDX:Argentina

Address

942 South Shady Grove Road, Memphis, TN, USA, 38120

Website

https://www.fedex.com

FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2023, which ended May 2023, FedEx derived 47% of revenue from its express division, 37% from ground, and 11% from freight, its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016. TNT was previously the fourth-largest global parcel delivery provider.

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