Turk Hava Yollari AO (Turk Hava Yollari AO) Long-Term Capital Lease Obligation : $10,194 Mil (As of Dec. 2023)

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What is Turk Hava Yollari AO Long-Term Capital Lease Obligation?

Turk Hava Yollari AO's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10,194 Mil.

Turk Hava Yollari AO's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($10,171 Mil) to Sep. 2023 ($9,403 Mil) but then increased from Sep. 2023 ($9,403 Mil) to Dec. 2023 ($10,194 Mil).

Turk Hava Yollari AO's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($8,445 Mil) to Dec. 2022 ($9,214 Mil) and increased from Dec. 2022 ($9,214 Mil) to Dec. 2023 ($10,194 Mil).

Turk Hava Yollari AO Long-Term Capital Lease Obligation Historical Data

The historical data trend for Turk Hava Yollari AO'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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Turk Hava Yollari AO Long-Term Capital Lease Obligation Chart

Turk Hava Yollari AO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8,673.72

9,186.47

8,445.04

9,214.23

10,194.43

Turk Hava Yollari AO Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															9,214.23	9,398.48	10,171.45	9,402.82	10,194.43

Turk Hava Yollari AO (OTCPK:TKHVY) 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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Turk Hava Yollari AO (Turk Hava Yollari AO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Turk Hava Yollari AO (OTCPK:TKHVY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

THYAO:Turkey TU5A:Germany

Address

Havaalani Cad. No: 3/1, Genel Yonetim Binasi, 9th Floor, Yesilkoy, Bakirkoy, Istanbul, TUR, 34149

Website

https://www.turkishairlines.com

Turk Hava Yollari AO is a Turkish airline operator. It has one of the largest flight networks in the world, and transports passengers to many different regions. Additionally, it can provide long-haul direct cargo flights, and other logistics to serve a diverse range of customers. It has two operating segments: air transportation and aircraft technical maintenance operations. The majority of revenue is generated from transferring passengers and cargo (air transportation segment). The company owns several hangars to perform maintenance on different types of aircraft. Its geographical segments are Asia & Far East, Europe, Americas, Africa, and Middle East.