BAE Systems (BAE Systems) Long-Term Capital Lease Obligation : $1,611 Mil (As of Dec. 2023)

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What is BAE Systems Long-Term Capital Lease Obligation?

BAE Systems's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,611 Mil.

BAE Systems's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($1,675 Mil) to Jun. 2023 ($1,630 Mil) and declined from Jun. 2023 ($1,630 Mil) to Dec. 2023 ($1,611 Mil).

BAE Systems's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($1,440 Mil) to Dec. 2022 ($1,675 Mil) but then declined from Dec. 2022 ($1,675 Mil) to Dec. 2023 ($1,611 Mil).

BAE Systems Long-Term Capital Lease Obligation Historical Data

The historical data trend for BAE Systems'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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BAE Systems Long-Term Capital Lease Obligation Chart

BAE Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,462.65

1,370.97

1,440.16

1,674.79

1,611.39

BAE Systems Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,440.16	1,746.31	1,674.79	1,630.05	1,611.39

BAE Systems (OTCPK:BAESY) 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.

BAE Systems Long-Term Capital Lease Obligation Related Terms

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BAE Systems (BAE Systems) Business Description

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Traded in Other Exchanges

BAESF:USA BAl:UK BA.:UK BSP:Germany

Address

6 Carlton Gardens, Stirling Square, London, GBR, SW1Y 5AD

Website

https://www.baesystems.com

BAE Systems is a British global defense, security, and aerospace company and the largest defense contractor in Europe; it is one of six prime contractors to the U.S. Department of Defense. For reporting purposes, the company has five operating segments: electronics systems is the group's U.S.- and U.K.-based electronic warfare systems; the cyber, security, and intelligence segment supplies intelligence and security solutions to the U.S. government; platforms and services manufactures combat vehicles and munitions and performs ship repair services to the U.S. Defense Department; the air segment includes BAE's share of U.S. and European air programs as well as its businesses in Saudi Arabia and Australia; and the maritime segment comprises U.K. land- and marine-based activities.