Virgin Galactic Holdings (Virgin Galactic Holdings) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

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What is Virgin Galactic Holdings Long-Term Capital Lease Obligation?

Virgin Galactic Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

Virgin Galactic Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Virgin Galactic Holdings'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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Virgin Galactic Holdings Long-Term Capital Lease Obligation Chart

Virgin Galactic Holdings Annual Data

Trend

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Long-Term Capital Lease Obligation

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22.14

Virgin Galactic Holdings Quarterly Data
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Virgin Galactic Holdings (NYSE:SPCE) 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.

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Virgin Galactic Holdings (Virgin Galactic Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Virgin Galactic Holdings Inc (NYSE:SPCE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SPCE:Mexico 0QL:Germany

Address

1700 Flight Way, Tustin, CA, USA, 92782

Website

https://www.virgingalactic.com

Virgin Galactic Holdings Inc is a United States-based vertically integrated aerospace company pioneering human spaceflight for private individuals & researchers, and it also manufactures advanced air and space vehicles. Using its technologies, it is developing a spaceflight system designed to offer its customers a unique, multi-day, and transformative experience. This culminates in a spaceflight that includes views of Earth from space and several minutes of weightlessness that will launch from Spaceport America, New Mexico.

Executives

Arcangeli Henio R Jr	director	C/O VIRGIN GALACTIC HOLDINGS, INC., 1700 FLIGHT WAY, TUSTIN CA 92782
Diana S. Strandberg	director	1700 FLIGHT WAY, TUSTIN CA 92782
Raymond E Mabus	director	C/O DANA INCORPORATED, 3939 TECHNOLOGY DRIVE, MAUMEE OH 43537
Aparna Chitale	officer: See Remarks	1700 FLIGHT WAY, TUSTIN CA 92782
Sarah E Kim	officer: See Remarks	C/O VIRGIN GALACTIC HOLDINGS, INC., 1700 FLIGHT WAY, TUSTIN CA 92782
Douglas T Ahrens	officer: See Remarks	215 MOFFETT PARK DRIVE, SUNNYVALE CA 94089
Michael A Colglazier	director, officer: See Remarks	C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011
Alistair Burns	officer: See Remarks	1700 FLIGHT WAY, TUSTIN CA 92782
Michelle Kley	officer: See Remarks	C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011
Wanda A Sigur	director	C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011
Virgin Investments Ltd	10 percent owner	LA MOTTE CHAMBERS, ST HELIER Y9 X0 JE1 1BJ
Craig S Kreeger	director	C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY 1C, LAS CRUCES NM 88011
Tina W Jonas	director	C/O PASSUR AEROSPACE, INC, ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901
Swaminathan B. Lyer	officer: See Remarks	166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011
Chamath Palihapitiya	director, 10 percent owner	THE SOCIAL-CAPITAL PARTNERSHIP, L.L.C., 506 SANTA CRUZ AVENUE, SUITE 300, MENLO PARK CA 94025