MALJF (Magellan Aerospace) Long-Term Capital Lease Obligation : $21.2 Mil (As of Mar. 2025)

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What is Magellan Aerospace Long-Term Capital Lease Obligation?

Magellan Aerospace's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was $21.2 Mil.

Magellan Aerospace's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 ($22.4 Mil) to Dec. 2024 ($22.2 Mil) and declined from Dec. 2024 ($22.2 Mil) to Mar. 2025 ($21.2 Mil).

Magellan Aerospace's annual Long-Term Capital Lease Obligation declined from Dec. 2022 ($20.4 Mil) to Dec. 2023 ($18.1 Mil) but then increased from Dec. 2023 ($18.1 Mil) to Dec. 2024 ($22.2 Mil).

Magellan Aerospace Long-Term Capital Lease Obligation Historical Data

The historical data trend for Magellan Aerospace'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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Magellan Aerospace Long-Term Capital Lease Obligation Chart

Magellan Aerospace Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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27.50

23.94

20.44

18.12

22.19

Magellan Aerospace Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															17.64	21.97	22.41	22.19	21.25

Magellan Aerospace (OTCPK:MALJF) 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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Magellan Aerospace Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Magellan Aerospace Corp (OTCPK:MALJF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

4M7A:Germany MAL:Canada

Address

3160 Derry Road East, Mississauga, ON, CAN, L4T 1A9

Website

https://www.magellan.aero

Magellan Aerospace Corp supplies components to the aerospace industry, Through its subsidiaries, it engineers and manufactures aero-engine and aerostructure components for aerospace markets, including products for defense and space markets, and complementary specialty products. Some of its product offerings include honeycomb and filament wound tubes, frames, compressor components, bypass ducts, black brant rockets, and helicopter power transmission housings, among others. The group also supports the aftermarket through the supply of spare parts as well as through repair and overhaul services. It operates activities in one reportable segment, namely Aerospace. Geographically, the group derives its maximum revenue from Canada, followed by the United States and Europe.