Mesa Air Group (Mesa Air Group) Long-Term Capital Lease Obligation : $9.1 Mil (As of Sep. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Mesa Air Group Long-Term Capital Lease Obligation?

Mesa Air Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $9.1 Mil.

Mesa Air Group's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 ($9.5 Mil) to Jun. 2023 ($10.0 Mil) but then declined from Jun. 2023 ($10.0 Mil) to Sep. 2023 ($9.1 Mil).

Mesa Air Group's annual Long-Term Capital Lease Obligation declined from Sep. 2021 ($40.3 Mil) to Sep. 2022 ($17.8 Mil) and declined from Sep. 2022 ($17.8 Mil) to Sep. 2023 ($9.1 Mil).

Mesa Air Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mesa Air Group'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.

Mesa Air Group Long-Term Capital Lease Obligation Chart

Mesa Air Group Annual Data

Trend

Sep07

Sep08

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

62.53

40.35

17.78

9.13

Mesa Air Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															17.78	10.58	9.51	10.02	9.13

Mesa Air Group (NAS:MESA) 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.

Mesa Air Group Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Mesa Air Group's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Mesa Air Group (Mesa Air Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mesa Air Group Inc (NAS:MESA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

M2A:Germany

Address

410 North 44th Street, Suite 700, Phoenix, AZ, USA, 85008

Website

https://www.mesa-air.com

Mesa Air Group Inc is a regional air carrier providing scheduled passenger service. It provides scheduled passenger service to 129 cities in the District of Columbia, the Bahamas, and Mexico, as well as cargo services out of Cincinnati/Northern Kentucky International Airport. Flights are operated as American Eagle, United Express, or DHL Express flights to the terms of capacity purchase agreements with American and United and a flight services agreement with DHL. The business has a presence in domestic hubs and cities, including Dallas, Houston, Phoenix, and Washington-Dulles.

Executives

Jonathan Ireland	director	410 NORTH 44TH STREET, SUITE 700, PHOENIX AZ 85008
Daniel Jerome Mchugh	director	410 N 44TH ST STE 700, PHOENIX AZ 85008
Daniel Torque Zubeck	officer: CFO & Treasurer	16832 12TH AVE SW, NORMANDY WA 98166
Jonathan G Ornstein	director, officer: Chairman & CEO	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Mitchell I Gordon	director	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVENUE, 8TH FL - SUITE 8133, NEW YORK NY 10022
Brian S Gillman	officer: General Counsel	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Spyridon Skiados	director	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Harvey W Schiller	director	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Michael Lotz	officer: President and COO	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Ellen N. Artist	director	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Dana J Lockhart	director	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Bradford R Rich	officer: EVP & Chief Operating Officer	MESA AIR GROUP, 410 NORTH 44TH STREET, PHOENIX AZ 85008
Michael L Ferverda	officer: President, Freedom Airlines	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
G Grant Lyon	director	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Daniel Joseph Altobello	director	6550 ROCK SPRING DR, SUITE 550, BETHESDA MD 20817