MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Long-Term Capital Lease Obligation : $28.56 Mil (As of Dec. 2022)

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What is MNG Havayollari ve Tasimacilik AS Long-Term Capital Lease Obligation?

MNG Havayollari ve Tasimacilik AS's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was $28.56 Mil.

MNG Havayollari ve Tasimacilik AS's quarterly Long-Term Capital Lease Obligation declined from Dec. 2021 ($38.42 Mil) to Sep. 2022 ($30.11 Mil) and declined from Sep. 2022 ($30.11 Mil) to Dec. 2022 ($28.56 Mil).

MNG Havayollari ve Tasimacilik AS's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($30.06 Mil) to Dec. 2021 ($38.42 Mil) but then declined from Dec. 2021 ($38.42 Mil) to Dec. 2022 ($28.56 Mil).

MNG Havayollari ve Tasimacilik AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for MNG Havayollari ve Tasimacilik AS'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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MNG Havayollari ve Tasimacilik AS Long-Term Capital Lease Obligation Chart

MNG Havayollari ve Tasimacilik AS Annual Data

Trend

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

30.06

38.42

28.56

MNG Havayollari ve Tasimacilik AS Quarterly Data
	Dec20	Sep21	Dec21	Sep22	Dec22
Long-Term Capital Lease Obligation	30.06	-	38.42	30.11	28.56

MNG Havayollari ve Tasimacilik AS (NYSE:MNGA) 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.

MNG Havayollari ve Tasimacilik AS Long-Term Capital Lease Obligation Related Terms

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MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MNG Havayollari ve Tasimacilik AS (NYSE:MNGA) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

WOW Convention Center ?DTM, Yesilkoy/Bakirkoy, Istanbul, TUR, 34149

Website

https://www.mngairlines.com

MNG Havayollari ve Tasimacilik AS is an independent logistics provider mainly in the EMEA region and a global e-commerce enabler. Its service offerings include scheduled and block space, charter, ACMI, special cargo, warehouse, handling and technical services. MNG's diversified business model provides MNG with a competitive advantage in the air cargo market, as it gives MNG the opportunity to provide customized services to its customers in accordance with needs and expectations. The company recognizes revenue for its global multimodal operations based on the origin of transported cargo carried on each flight.

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