General Dynamics (STU:GDX) Long-Term Capital Lease Obligation : €1,362 Mil (As of Mar. 2024)

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What is General Dynamics Long-Term Capital Lease Obligation?

General Dynamics's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,362 Mil.

General Dynamics's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€1,340 Mil) to Dec. 2023 (€1,373 Mil) but then declined from Dec. 2023 (€1,373 Mil) to Mar. 2024 (€1,362 Mil).

General Dynamics's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€1,189 Mil) to Dec. 2022 (€1,256 Mil) and increased from Dec. 2022 (€1,256 Mil) to Dec. 2023 (€1,373 Mil).

General Dynamics Long-Term Capital Lease Obligation Historical Data

The historical data trend for General Dynamics'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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General Dynamics Long-Term Capital Lease Obligation Chart

General Dynamics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,125.90

1,154.09

1,188.56

1,255.52

1,372.75

General Dynamics 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															1,233.81	1,318.04	1,339.91	1,372.75	1,361.60

General Dynamics (STU:GDX) 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.

General Dynamics Long-Term Capital Lease Obligation Related Terms

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General Dynamics (STU:GDX) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » General Dynamics Corp (STU:GDX) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

GD:USA 1GD:Italy GDX:Germany GDBR34:Brazil

Address

11011 Sunset Hills Road, Reston, VA, USA, 20190

Website

https://www.gd.com

General Dynamics is a defense contractor and business jet manufacturer. The firm's segments include aerospace, marine, combat systems, and technologies. General Dynamics' aerospace segment creates Gulfstream business jets and operates a global aircraft servicing operation. Combat systems produces land-based combat vehicles such as the M1 Abrams tank and Stryker armored personnel carrier, as well as munitions. The marine segment creates and services nuclear-powered submarines, destroyers, and other ships. The technologies segment contains two main units, an IT business that primarily serves the government market and a mission systems business that focuses on products that provide command, control, computing, intelligence, surveillance, and reconnaissance capabilities to the military.