Norfolk Southern (BSP:N1SC34) Long-Term Capital Lease Obligation : R$0 Mil (As of Sep. 2024)

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What is Norfolk Southern Long-Term Capital Lease Obligation?

Norfolk Southern's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was R$0 Mil.

Norfolk Southern's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (R$1,872 Mil) to Dec. 2022 (R$1,658 Mil) and declined from Dec. 2022 (R$1,658 Mil) to Dec. 2023 (R$1,406 Mil).

Norfolk Southern Long-Term Capital Lease Obligation Historical Data

The historical data trend for Norfolk Southern'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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Norfolk Southern Long-Term Capital Lease Obligation Chart

Norfolk Southern Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,810.09

1,769.78

1,871.77

1,657.55

1,406.24

Norfolk Southern Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	1,406.24	-	-	-

Norfolk Southern (BSP:N1SC34) 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.

Norfolk Southern Long-Term Capital Lease Obligation Related Terms

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Norfolk Southern Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Norfolk Southern Corp (BSP:N1SC34) » Definitions » Long-Term Capital Lease Obligation

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NSC:USA 0K8M:UK NFS:Germany NFS:Germany NSCO:Austria

Address

650 West Peachtree Street NW, Atlanta, GA, USA, 30308-1925

Website

https://www.norfolksouthern.com

Class-I railroad Norfolk Southern operates in the Eastern United States. On more than 20,000 miles of track, the rail hauls shipments of coal, intermodal traffic, and a diverse mix of automobile, agriculture, metal, chemical, and forest products.

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