Northrop Grumman (FRA:NTH) Long-Term Capital Lease Obligation : €1,684 Mil (As of Mar. 2024)

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What is Northrop Grumman Long-Term Capital Lease Obligation?

Northrop Grumman's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,684 Mil.

Northrop Grumman's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€1,627 Mil) to Dec. 2023 (€1,735 Mil) but then declined from Dec. 2023 (€1,735 Mil) to Mar. 2024 (€1,684 Mil).

Northrop Grumman's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€1,407 Mil) to Dec. 2022 (€1,722 Mil) and increased from Dec. 2022 (€1,722 Mil) to Dec. 2023 (€1,735 Mil).

Northrop Grumman Long-Term Capital Lease Obligation Historical Data

The historical data trend for Northrop Grumman'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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Northrop Grumman Long-Term Capital Lease Obligation Chart

Northrop Grumman Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,177.20

1,103.95

1,407.15

1,721.86

1,734.96

Northrop Grumman 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															1,670.93	1,635.56	1,626.63	1,734.96	1,683.60

Northrop Grumman (FRA:NTH) 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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Northrop Grumman (FRA:NTH) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Northrop Grumman Corp (FRA:NTH) » Definitions » Long-Term Capital Lease Obligation

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NOC:USA NOC:Mexico NTH:Germany NOCG34:Brazil NOCO:Austria

Address

2980 Fairview Park Drive, Falls Church, VA, USA, 22042

Website

https://www.northropgrumman.com

Northrop Grumman is a diversified defense contractor providing aeronautics, defense, mission, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber. Defense systems makes artillery and missile ammunition and guidance systems, missile defense systems, and conducts maintenance and upgrades on numerous military aircraft. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Finally, space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors.

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