What is General Dynamics Long-Term Capital Lease Obligation?
General Dynamics's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was $1,580 Mil.
General Dynamics's quarterly Long-Term Capital Lease Obligation
increased
from Sep. 2024 ($1,576 Mil) to Dec. 2024 ($1,595 Mil) but then
declined
from Dec. 2024 ($1,595 Mil) to Mar. 2025 ($1,580 Mil).
General Dynamics's annual Long-Term Capital Lease Obligation
increased
from Dec. 2022 ($1,330 Mil) to Dec. 2023 ($1,497 Mil) and
increased
from Dec. 2023 ($1,497 Mil) to Dec. 2024 ($1,595 Mil).
General Dynamics Long-Term Capital Lease Obligation Historical Data
The historical data trend for General Dynamics'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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General Dynamics Long-Term Capital Lease Obligation Chart
General Dynamics (NYSE:GD) 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.
General Dynamics Long-Term Capital Lease Obligation Related Terms
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General Dynamics is a defense contractor and business jet manufacturer. The firm's segments are aerospace, marine, combat systems, and technologies. General Dynamics' aerospace segment manufactures Gulfstream business jets and operates a global aircraft servicing operation. Combat systems produces land-based combat vehicles such as the M1 Abrams tank and Stryker armored personnel carrier, as well as munitions. The marine segment builds and services nuclear-powered submarines, destroyers, and other ships. The technologies segment contains two main units: an IT business that primarily serves the government market and a mission systems business that focuses on products that provide command, control, computing, intelligence, surveillance, and reconnaissance capabilities to the military.
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