TAKOF (Volatus Aerospace) Long-Term Capital Lease Obligation : $1.04 Mil (As of Sep. 2024)

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What is Volatus Aerospace Long-Term Capital Lease Obligation?

Volatus Aerospace's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1.04 Mil.

Volatus Aerospace's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 ($0.61 Mil) to Jun. 2024 ($0.61 Mil) and increased from Jun. 2024 ($0.61 Mil) to Sep. 2024 ($1.04 Mil).

Volatus Aerospace's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.84 Mil) to Dec. 2022 ($0.61 Mil) but then increased from Dec. 2022 ($0.61 Mil) to Dec. 2023 ($0.73 Mil).

Volatus Aerospace Long-Term Capital Lease Obligation Historical Data

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

Volatus Aerospace Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.84

0.61

0.73

Volatus Aerospace Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														0.77	0.73	0.61	0.61	1.04

Volatus Aerospace (OTCPK:TAKOF) 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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Volatus Aerospace Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Volatus Aerospace Inc (OTCPK:TAKOF) » Definitions » Long-Term Capital Lease Obligation

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ABB:Germany FLT:Canada

Address

60 Airport Road, Lake Simcoe Regional Airport, Oro-Medonte, ON, CAN, L0L 2E0

Website

https://www.volatusaerospace.com

Volatus Aerospace Inc is a leader in innovative global aerial solutions for intelligence and cargo. With deep technological and subject matter expertise and over 100 years of combined institutional knowledge in aviation, Volatus provides meaningful aerial solutions for end users across various industries using piloted and remotely piloted aircraft systems (RPAS or drones). It is committed to enhancing operational efficiency, safety, and sustainability through innovative, real-world aerial solutions.