Air Canada (TSX:AC) Long-Term Capital Lease Obligation : C$2,030 Mil (As of Dec. 2023)

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What is Air Canada Long-Term Capital Lease Obligation?

Air Canada's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$2,030 Mil.

Air Canada's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$2,230 Mil) to Sep. 2023 (C$2,149 Mil) and declined from Sep. 2023 (C$2,149 Mil) to Dec. 2023 (C$2,030 Mil).

Air Canada's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$2,678 Mil) to Dec. 2022 (C$2,488 Mil) and declined from Dec. 2022 (C$2,488 Mil) to Dec. 2023 (C$2,030 Mil).

Air Canada Long-Term Capital Lease Obligation Historical Data

The historical data trend for Air Canada'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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Air Canada Long-Term Capital Lease Obligation Chart

Air Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2,828.00

3,052.00

2,678.00

2,488.00

2,030.00

Air Canada 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															2,488.00	2,390.00	2,230.00	2,149.00	2,030.00

Air Canada (TSX:AC) 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.

Air Canada Long-Term Capital Lease Obligation Related Terms

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Air Canada (TSX:AC) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air Canada (TSX:AC) » Definitions » Long-Term Capital Lease Obligation

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ACDVF:USA ADH2:Germany

Address

7373 Cote Vertu Boulevard West, Air Canada Centre, Saint-Laurent, QC, CAN, H4S 1Z3

Website

https://www.aircanada.com

Air Canada is Canada's largest airline, generally serving nearly 50 million passengers each year together with its low-cost sub-brand called Rouge and contracts for regional connection flights to its network. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2022, the company generated CAD 16.6 billion in total revenue, down from CAD 19 billion in 2019 as the airline is still recovering from the pandemic and related travel restrictions.