AIRO (AIRO Group) Long-Term Capital Lease Obligation : $0.01 Mil (As of Mar. 2024)

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What is AIRO Group Long-Term Capital Lease Obligation?

AIRO Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.01 Mil.

AIRO Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.30 Mil) to Dec. 2023 ($0.01 Mil) and declined from Dec. 2023 ($0.01 Mil) to Mar. 2024 ($0.01 Mil).

AIRO Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.50 Mil) but then declined from Dec. 2022 ($0.50 Mil) to Dec. 2023 ($0.01 Mil).

AIRO Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for AIRO Group'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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AIRO Group Long-Term Capital Lease Obligation Chart

AIRO Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.50

0.01

AIRO Group Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						0.50	0.33	0.30	0.01	0.01

AIRO Group (NAS:AIRO) 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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AIRO Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AIRO Group Inc (NAS:AIRO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

5001 Indian School Road NE, Suite 100, Albuquerque, NM, USA, 87110

Website

https://www.theairogroup.com

AIRO Group Holdings Inc is a multi-faceted air mobility, autonomy & aerospace platform with differentiated technologies and capabilities dynamically addressing high-growth market trends across the entire Drone Ecosystem with a compelling range of drone technologies & services, avionics and defense training. AIRO provides a diversified product portfolio, ranging from established and mature product offerings to innovative drone and eVTOL solutions, with a balanced customer mix, both military and civil. Its wholly-owned subsidiaries are organized across four complimentary strategic divisions, each with a diverse set of partners and customers and each representing a large and fast-growing market segment: Advanced Avionics; Training; Uncrewed Air Systems; and Electric Air Mobility.

AIRO Group Headlines

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