General Dynamics (FRA:GDX) Long-Term Capital Lease Obligation

: €1,234 Mil (As of Mar. 2023)

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General Dynamics's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was €1,234 Mil.

General Dynamics's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (€1,347 Mil) to Dec. 2022 (€1,256 Mil) and declined from Dec. 2022 (€1,256 Mil) to Mar. 2023 (€1,234 Mil).

General Dynamics's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (€1,154 Mil) to Dec. 2021 (€1,189 Mil) and increased from Dec. 2021 (€1,189 Mil) to Dec. 2022 (€1,256 Mil).

General Dynamics Long-Term Capital Lease Obligation Historical Data

The historical data trend for General Dynamics'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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General Dynamics Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

1,125.90

1,154.09

1,188.56

1,255.52

General Dynamics Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Long-Term Capital Lease Obligation																1,222.17	1,290.34	1,347.34	1,255.52	1,233.81

General Dynamics (FRA:GDX) 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.

General Dynamics Long-Term Capital Lease Obligation Related Terms

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General Dynamics (FRA:GDX) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

GD:USA GD:Mexico GDX:Germany GDBR34:Brazil GEDY:Austria

Address

11011 Sunset Hills Road, Reston, VA, USA, 20190

Website

https://www.gd.com

General Dynamics is a defense contractor and business jet manufacturer. The firm's segments include aerospace, combat systems, marine, and technologies. General Dynamics' aerospace segment creates Gulfstream business jets. Combat system produces land-based combat vehicles, such as the M1 Abrams tank. The marine subsegment creates nuclear-powered submarines, among other things. The technologies segment contains two main units, an IT business that primarily serves the government market and a mission systems business that focuses on products that provide command, control, computers, intelligence, surveillance, and reconnaissance capabilities to the military.