Swift Transportation Co (Swift Transportation Co) Long-Term Capital Lease Obligation : $144 Mil (As of Jun. 2017)

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What is Swift Transportation Co Long-Term Capital Lease Obligation?

Swift Transportation Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2017 was $144 Mil.

Swift Transportation Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2016 ($161 Mil) to Mar. 2017 ($151 Mil) and declined from Mar. 2017 ($151 Mil) to Jun. 2017 ($144 Mil).

Swift Transportation Co's annual Long-Term Capital Lease Obligation increased from Dec. 2014 ($158 Mil) to Dec. 2015 ($222 Mil) but then declined from Dec. 2015 ($222 Mil) to Dec. 2016 ($161 Mil).

Swift Transportation Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Swift Transportation Co'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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Swift Transportation Co Long-Term Capital Lease Obligation Chart

Swift Transportation Co Annual Data

Trend

Dec05

Dec06

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Long-Term Capital Lease Obligation

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107.85

158.10

222.00

161.46

Swift Transportation Co Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															178.13	176.87	161.46	151.47	143.65

Swift Transportation Co (NYSE:SWFT) 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.

Swift Transportation Co Long-Term Capital Lease Obligation Related Terms

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Swift Transportation Co (Swift Transportation Co) Business Description

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Website

http://www.swifttrans.com

Swift Transportation is the largest full-truckload carrier (74% of revenue) in the United States, with an effective fleet of more than 19,000 tractors across all its divisions, when including owner-operators. Following its acquisition of Central Refrigerated in 2013, it ranks among the top 10 temperature-controlled providers (8%). Swift also offers intermodal (9%), which competes with the likes of J.B. Hunt. In December 2010, Swift came public for a second time; founder Jerry Moyes had taken it private in 2007.

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