easyJet (easyJet) Long-Term Capital Lease Obligation : $955 Mil (As of Sep. 2023)

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What is easyJet Long-Term Capital Lease Obligation?

easyJet's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $955 Mil.

easyJet's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 ($981 Mil) to Mar. 2023 ($931 Mil) but then increased from Mar. 2023 ($931 Mil) to Sep. 2023 ($955 Mil).

easyJet's annual Long-Term Capital Lease Obligation declined from Sep. 2021 ($1,223 Mil) to Sep. 2022 ($981 Mil) and declined from Sep. 2022 ($981 Mil) to Sep. 2023 ($955 Mil).

easyJet Long-Term Capital Lease Obligation Historical Data

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

easyJet Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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444.31

629.53

1,222.53

980.75

955.45

easyJet Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,222.53	1,086.96	980.75	930.83	955.45

easyJet (OTCPK:ESYJY) 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.

easyJet Long-Term Capital Lease Obligation Related Terms

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easyJet (easyJet) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » easyJet PLC (OTCPK:ESYJY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

EJTTF:USA EZJl:UK EZJ:UK EJT1:Germany

Address

Hangar 89, London Luton Airport, Luton, Bedfordshire, GBR, LU2 9PF

Website

https://www.easyjet.com

easyJet PLC is a European low-cost carrier with a focus on Western European markets. The company employs a low-cost no-frills model to offer low fares to customers on short-haul routes. Its operating segment includes Airline that operates easyJet's route network and Holidays that sells holiday packages. It generates maximum revenue from the Airline segment. Geographically, it derives a majority of its revenue from the United Kingdom.

easyJet (easyJet) Headlines

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