Cubic (CUB) Long-Term Capital Lease Obligation : $87 Mil (As of Mar. 2021)

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What is Cubic Long-Term Capital Lease Obligation?

Cubic's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2021 was $87 Mil.

Cubic's quarterly Long-Term Capital Lease Obligation increased from Sep. 2020 ($81 Mil) to Dec. 2020 ($89 Mil) but then declined from Dec. 2020 ($89 Mil) to Mar. 2021 ($87 Mil).

Cubic's annual Long-Term Capital Lease Obligation stayed the same from Sep. 2018 ($0 Mil) to Sep. 2019 ($0 Mil) but then increased from Sep. 2019 ($0 Mil) to Sep. 2020 ($81 Mil).

Cubic Long-Term Capital Lease Obligation Historical Data

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

Cubic Annual Data

Trend

Sep11

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Sep20

Long-Term Capital Lease Obligation

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80.96

Cubic Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															78.41	75.47	80.96	89.00	86.97

Cubic (NYSE:CUB) 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.

Cubic Long-Term Capital Lease Obligation Related Terms

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Cubic (CUB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cubic Corp (NYSE:CUB) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

9333 Balboa Avenue, San Diego, CA, USA, 92123

Website

http://www.cubic.com

Cubic Corp is an international provider of systems and solutions for the mass transit and global defense markets. It uses three segments for financial reporting: Cubic transportation systems, Cubic mission solutions, and Cubic global defense systems. The company integrates payment and information solutions for travel applications. It allows people to choose a cost- and time-effective way to travel and helps transportation authorities manage demand across entire networks. The global defense segments provide training and operational support for multiple branches of the U.S. military. Approximately half of the total revenue is derived from the United States, with the United Kingdom and Australia also producing material sales.

Executives

Mark Harrison	officer: SVP/Chief Accounting Officer	9333 BALBOA AVE SAN DIEGO CA 92123
Jeffrey B. Lowinger	officer: President, CTS - SVP, CORP	9333 BALBOA AVENUE SAN DIEGO CA 92123
Carolyn A. Flowers	director	C/O CUBIC CORPORATION 9333 BALBOA AVENUE SAN DIEGO CA 92123
Hilary Hageman	officer: SVP, General Counsel, & Sec	9333 BALBOA AVENUE, SAN DIEGO CA 92123
Michael Knowles	officer: President, CMPS - SVP, CORP	9333 BALBOA AVENUE, SAN DIEGO CA 92123
Rhys V Williams	officer: VP, Treasurer	PO BOX 85587 SAN DIEGO X1 92186-5587
Anshooman Aga	officer: EVP/CFO	PO BOX 85587, SAN DIEGO CA 92186-5587
Janice M. Hamby	director	P.O. BOX 85587 SAN DIEGO CA 92186
Steven John Norris	director	PO BOX 85587, SAN DIEGO CA 92186
Bruce G Blakley	director	1045 MOANA DRIVE SAN DIEGO CA 92107
Bradley H Feldmann	director, officer: Chairman/President/CEO	C/O MANTECH INTERNATIONAL CORP 12015 LEE JACKSON HWY FAIRFAX VA 22033
Grace G. Lee	officer: SVP, Chief HR & Diversity Ofc.	C/O CUBIC CORPORATION, 9333 BALBOA AVENUE, SAN DIEGO CA 92123
Denise L Devine	director	C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Prithviraj Banerjee	director	C/O CRAY INC., 901 FIFTH AVENUE, SUITE 1000, SEATTLE WA 98164
David F Melcher	director	1650 TYSONS BOULEVARD, SUITE 1700, MCLEAN VA 22102