Volato Group (Volato Group) Long-Term Capital Lease Obligation : $0.88 Mil (As of Mar. 2024)

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What is Volato Group Long-Term Capital Lease Obligation?

Volato Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.88 Mil.

Volato Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($1.05 Mil) to Dec. 2023 ($0.97 Mil) and declined from Dec. 2023 ($0.97 Mil) to Mar. 2024 ($0.88 Mil).

Volato Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($1.29 Mil) but then declined from Dec. 2022 ($1.29 Mil) to Dec. 2023 ($0.97 Mil).

Volato Group Long-Term Capital Lease Obligation Historical Data

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

Volato Group Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.29

0.97

Volato Group Quarterly Data
	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	1.13	1.05	0.97	0.88

Volato Group (AMEX:SOAR.WS) 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.

Volato Group Long-Term Capital Lease Obligation Related Terms

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Volato Group (Volato Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Volato Group Inc (AMEX:SOAR.WS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

SOAR:USA

Address

1954 Airport Road, Suite 124, Chamblee, GA, USA, 30341

Website

https://www.flyvolato.com

Volato Group Inc operates an aircraft ownership program, provides ad-hoc charter flights, sells deposit products, and manages aircraft for owners in the private aviation industry. The Volato aircraft ownership program consists of facilitating the formation of limited liability companies owned by third-party members. Subsequently, the Company sells an aircraft to each limited liability company.

Volato Group (Volato Group) Headlines

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