Despegar.com (Despegar.com) Long-Term Capital Lease Obligation : $17.0 Mil (As of Dec. 2023)

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What is Despegar.com Long-Term Capital Lease Obligation?

Despegar.com's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $17.0 Mil.

Despegar.com's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($14.8 Mil) to Sep. 2023 ($14.6 Mil) but then increased from Sep. 2023 ($14.6 Mil) to Dec. 2023 ($17.0 Mil).

Despegar.com's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($20.9 Mil) to Dec. 2022 ($17.2 Mil) and declined from Dec. 2022 ($17.2 Mil) to Dec. 2023 ($17.0 Mil).

Despegar.com Long-Term Capital Lease Obligation Historical Data

The historical data trend for Despegar.com'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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Despegar.com Long-Term Capital Lease Obligation Chart

Despegar.com Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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34.47

28.69

20.94

17.15

16.97

Despegar.com 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	Get a 7-Day Free Trial															17.15	15.25	14.81	14.61	16.97

Despegar.com (NYSE:DESP) 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.

Despegar.com Long-Term Capital Lease Obligation Related Terms

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Despegar.com (Despegar.com) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Despegar.com Corp (NYSE:DESP) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

D3G:Germany DESP:Argentina

Address

Juana Manso 1069, Floor 5, Buenos Aires, ARG, C1107CBU

Website

https://www.despegar.com

Despegar.com Corp is an online travel company in Latin America. Its product offering includes airline tickets, packages, hotels, and other travel-related products, which enables consumers to find, compare, plan and purchase travel products easily through its marketplace. The company provides a technology platform for managing the distribution of products and access to users to the network of travel suppliers. It operates through two segments: Air, which consists of the sale of airline tickets; and Packages, Hotels, and Other Travel Products, which consists of travel packages, as well as sales of hotel rooms, car rentals, bus tickets, cruise tickets, travel insurance and destination services. Its geographical segments are Argentina, Brazil, Uruguay, Mexico, and other countries.