Hexcel (Hexcel) Long-Term Capital Lease Obligation : $2 Mil (As of Mar. 2024)

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What is Hexcel Long-Term Capital Lease Obligation?

Hexcel's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2 Mil.

Hexcel's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($2 Mil) to Dec. 2023 ($2 Mil) but then declined from Dec. 2023 ($2 Mil) to Mar. 2024 ($2 Mil).

Hexcel's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($2 Mil) to Dec. 2022 ($1 Mil) but then increased from Dec. 2022 ($1 Mil) to Dec. 2023 ($2 Mil).

Hexcel Long-Term Capital Lease Obligation Historical Data

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

Hexcel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.00

2.50

1.50

1.40

1.70

Hexcel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.40	1.70	1.50	1.70	1.60

Hexcel (NYSE:HXL) 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.

Hexcel Long-Term Capital Lease Obligation Related Terms

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Hexcel (Hexcel) Business Description

Industry

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

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HXL:Germany

Address

281 Tresser Boulevard, Two Stamford Plaza, 16th Floor, Stamford, CT, USA, 06901

Website

https://www.hexcel.com

Founded in 1948, Hexcel designs and manufactures a range of high-performance composite fibers, fabrics, resins, and structures for use in commercial aerospace, defense, and other industrial markets. These are engineered to be lighter than metal and perform under rigorous conditions in aircraft frames, wings, engines, and other components and subassemblies. The company's name derives from the six-sided honeycomb structures that lend many of its products their light weight and rigidity. Hexcel's biggest customers are Airbus (38% of 2022 sales) and Boeing (25% of prepandemic sales) and its respective subcontractors.

Executives

Gail E Lehman	officer: See Remarks	801 CRESCENT CENTRE DRIVE, SUITE 600, FRANKLIN TN 37067
Marilyn Minus	director	C/O NORTHEASTERN UNIVERSITY, 360 HUNTINGTON AVENUE, MIE DEPT., 334SN, BOSTON MA 2115-5000
Thierry Merlot	officer: See Remarks	C/O HEXCEL CORPORATION, 281 TRESSER BLVD., STAMFORD CT 06901--326
Philippe Chevrier	officer: See Remarks	C/O HEXCEL CORPORATION, TWO STAMFORD PLAZA, 281 TRESSER BLVD., STAMFORD CT 06901
Gina Fitzsimons	officer: See Remarks	C/O HEXCEL CORPORATION, TWO STAMFORD PLAZA, 281 TRESSER BLVD., STAMFORD CT 06901
Robert George Hennemuth	officer: See Remarks	C/O HEXCEL CORPORATION, 281 TRESSER BLVD. 16TH FLOOR, STAMFORD CT 06901
Nick L Stanage	officer: President	20807 DECATUR STREET, CASSOPOLIS MI 49031
Amy S Evans	officer: See Remarks	2701 SPRUCE STREET, QUINCY IL 62301
Kimberly A. Hendricks	officer: SVP, Corp. Controller & CAO	521 WEST 57TH STREET, NEW YORK NY 10019
Brett Raymond Schneider	officer: President - Global Fibers	C/O HEXCEL CORPORATION, 281 TRESSER BLVD., 16TH FLOOR, STAMFORD CT 06901
Timothy Swords	officer: President, Industrial	C/O HEXCEL CORPORATION, 281 TRESSER BLVD., STAMFORD CT 06901-3261
Pritchett Colleen	officer: See Remarks	C/O HEXCEL CORPORATION, 281 TRESSER BLVD., 16TH FLOOR, STAMFORD CT 06901
Jeffrey A Graves	director	C/O C&D TECHNOLOGIES, INC., 1400 UNION MEETING RD, BLUE BELL PA 19422
Patrick Winterlich	officer: See Remarks	HEXCEL CORPORATION, 281 TRESSER BLVD., STAMFORD CT 06901
Guy C Hachey	director	5725 DELPHI DRIVE, TROY MI 48098