Controladora Vuela Compania de AviacionB de CV (NYSE:VLRS) Long-Term Capital Lease Obligation

: $2,403 Mil (As of Mar. 2023)

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Controladora Vuela Compania de AviacionB de CV's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was $2,403 Mil.

Controladora Vuela Compania de AviacionB de CV's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($2,334 Mil) to Dec. 2022 ($2,373 Mil) and increased from Dec. 2022 ($2,373 Mil) to Mar. 2023 ($2,403 Mil).

Controladora Vuela Compania de AviacionB de CV's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($1,887 Mil) to Dec. 2021 ($2,128 Mil) and increased from Dec. 2021 ($2,128 Mil) to Dec. 2022 ($2,373 Mil).

Controladora Vuela Compania de AviacionB de CV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Controladora Vuela Compania de AviacionB de CV'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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Controladora Vuela Compania de AviacionB de CV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

1,759.94

1,890.09

1,887.16

2,128.29

2,373.10

Controladora Vuela Compania de AviacionB de CV Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Long-Term Capital Lease Obligation																2,151.00	2,355.00	2,334.00	2,373.10	2,403.00

Controladora Vuela Compania de AviacionB de CV (NYSE:VLRS) 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.

Controladora Vuela Compania de AviacionB de CV Long-Term Capital Lease Obligation Related Terms

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Controladora Vuela Compania de AviacionB de CV (NYSE:VLRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Controladora Vuela Compania de Aviacion SAB de CV (NYSE:VLRS) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

VOLARA:Mexico 2CDA:Germany

Address

Av. Antonio Dovali Jaime Number 70, 13th Floor, Tower B, Colonia Zedec Santa Fe, Mexico, DF, MEX, 01210

Website

https://www.volaris.com

Controladora Vuela Compania de Aviacion SAB de CV is a low-cost airline flying to Mexico, the United States, Central and South America. It currently operates up to 500 average daily flight segments on routes that connect 44 cities in Mexico as well as 22 cities in the United States, four in Central America and two in South America. It uses promotional fares to stimulate demand and the base fares are priced to compete with long-distance bus fares in Mexico. Revenues from the air transportation of passengers are recognized earlier when the service is provided or when the non-refundable ticket expires at the date of the scheduled travel. Non-passenger revenues include revenues generated from other non-passenger revenues and cargo services.