General Dynamics's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,497 Mil.
General Dynamics's quarterly Long-Term Capital Lease Obligation
increased
from Jun. 2023 ($1,428 Mil) to Sep. 2023 ($1,430 Mil) and
increased
from Sep. 2023 ($1,430 Mil) to Dec. 2023 ($1,497 Mil).
General Dynamics's annual Long-Term Capital Lease Obligation
declined
from Dec. 2021 ($1,343 Mil) to Dec. 2022 ($1,330 Mil) but then
increased
from Dec. 2022 ($1,330 Mil) to Dec. 2023 ($1,497 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.
* Premium members only.
General Dynamics Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Long-Term Capital Lease Obligation
1,251.00
1,404.00
1,343.00
1,330.00
1,497.00
General Dynamics Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Long-Term Capital Lease Obligation
1,330.00
1,321.00
1,428.00
1,430.00
1,497.00
General Dynamics (NYSE:GD) 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
Thank you for viewing the detailed overview of General Dynamics's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.
General Dynamics (General Dynamics) Business Description
General Dynamics is a defense contractor and business jet manufacturer. The firm's segments include aerospace, marine, combat systems, and technologies. General Dynamics' aerospace segment creates Gulfstream business jets and operates a global aircraft servicing operation. Combat systems produces land-based combat vehicles such as the M1 Abrams tank and Stryker armored personnel carrier, as well as munitions. The marine segment creates and services nuclear-powered submarines, destroyers, and other ships. 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, computing, intelligence, surveillance, and reconnaissance capabilities to the military.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
GD has been successfully added to your 