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Ford Motor Co (LTS:0P4F) Long-Term Capital Lease Obligation : $1,510 Mil (As of Mar. 2024)


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What is Ford Motor Co Long-Term Capital Lease Obligation?

Ford Motor Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,510 Mil.

Ford Motor Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($1,407 Mil) to Dec. 2023 ($1,395 Mil) but then increased from Dec. 2023 ($1,395 Mil) to Mar. 2024 ($1,510 Mil).

Ford Motor Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($1,048 Mil) to Dec. 2022 ($1,101 Mil) and increased from Dec. 2022 ($1,101 Mil) to Dec. 2023 ($1,395 Mil).


Ford Motor Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ford Motor Co'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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Ford Motor Co Long-Term Capital Lease Obligation Chart

Ford Motor Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,047.00 991.00 1,048.00 1,101.00 1,395.00

Ford Motor Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,201.00 1,201.00 1,407.00 1,395.00 1,510.00

Ford Motor Co  (LTS:0P4F) 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.

Ford Motor Co Long-Term Capital Lease Obligation Related Terms

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Ford Motor Co (LTS:0P4F) Business Description

Industry
Address
One American Road, Dearborn, MI, USA, 48126
Ford Motor Co. manufactures automobiles under its Ford and Lincoln brands. In March 2022, the company announced that it will run its combustion engine business, Ford Blue, and its BEV business, Ford Model e, as separate businesses but still all under Ford Motor. The company has about 13% market share in the United States, about 6.5% share in Europe, and about 2.1% share in China including unconsolidated affiliates. We expect market share to increase as inventory improves coming out of the chip shortage. Sales in the U.S. made up about 67% of 2022 total company revenue. Ford has about 173,000 employees, including about 57,000 UAW employees, and is based in Dearborn, Michigan.

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