Chorus Aviation (FRA:1H0) Long-Term Capital Lease Obligation : €4 Mil (As of Mar. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Chorus Aviation Long-Term Capital Lease Obligation?

Chorus Aviation's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €4 Mil.

Chorus Aviation's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€5 Mil) to Dec. 2023 (€5 Mil) but then declined from Dec. 2023 (€5 Mil) to Mar. 2024 (€4 Mil).

Chorus Aviation's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€4 Mil) to Dec. 2022 (€4 Mil) but then increased from Dec. 2022 (€4 Mil) to Dec. 2023 (€5 Mil).

Chorus Aviation Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chorus Aviation'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.

* Premium members only.

Chorus Aviation Long-Term Capital Lease Obligation Chart

Chorus Aviation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

7.20

5.37

4.38

4.36

4.97

Chorus Aviation Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.76	3.35	4.82	4.97	4.49

Chorus Aviation (FRA:1H0) 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.

Chorus Aviation Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Chorus Aviation's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Chorus Aviation (FRA:1H0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chorus Aviation Inc (FRA:1H0) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CHRRF:USA CHR:Canada

Address

3 Spectacle Lake Drive, Suite 380, Dartmouth, NS, CAN, B3B 1W8

Website

https://www.chorusaviation.com

Chorus Aviation Inc is a Canadian holding company. It aims to deliver regional aviation to the world through its businesses. It specializes in contract flying, maintenance, repair and overhaul, and aircraft leasing solutions. The company operates in two segments namely, the Regional Aviation Services segment includes contract flying, charter operations and maintenance, repair, and overhaul services that are carried on by both Jazz and Voyageur, and the Regional Aircraft Leasing segment leases aircraft to third parties through its wholly-owned subsidiary Chorus Aviation Capital Corp. It generates maximum revenue from the Regional Aviation Services segment.

Chorus Aviation (FRA:1H0) Headlines

No Headlines