Cebu Air (Cebu Air) Long-Term Capital Lease Obligation : $1,306 Mil (As of Mar. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Cebu Air Long-Term Capital Lease Obligation?

Cebu Air's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,306 Mil.

Cebu Air's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($980 Mil) to Sep. 2023 ($1,033 Mil) and increased from Sep. 2023 ($1,033 Mil) to Mar. 2024 ($1,306 Mil).

Cebu Air's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($198 Mil) to Dec. 2021 ($471 Mil) and increased from Dec. 2021 ($471 Mil) to Dec. 2022 ($732 Mil).

Cebu Air Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cebu Air'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.

* Premium members only.

Cebu Air Long-Term Capital Lease Obligation Chart

Cebu Air Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

202.01

198.46

471.00

731.65

Cebu Air Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															731.65	735.40	979.52	1,033.25	1,305.97

Cebu Air (OTCPK:CEBUF) 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.

Cebu Air Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Cebu Air's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Cebu Air (Cebu Air) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Cebu Air Inc (OTCPK:CEBUF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CEBCP.PFD:Philippines CEB:Philippines

Address

Sergio Osmena Boulevard, Level 4, Unit 4030-4031, Robinsons Galleria Cebu, General Maxilom Avenue cor, Cebu, CEB, PHL, 6000

Website

https://www.cebupacificair.com

Cebu Air Inc is a carrier in the Philippine air transportation industry. It has two reportable operating segments, which are the airline business (Parent Company and CEBGO) and the line and light maintenance business (A-Plus). The revenue of the operating segment was mainly derived from rendering transportation services and line and light maintenance services. The Airline Group has a network of distributors in the Philippines selling its domestic and international air services within an agreed territory or geographical coverage. Geographically, it operates in the Philippines, Asia (excluding the Philippines), Europe, and Others, out of which the majority is from the Philippines.

Cebu Air (Cebu Air) Headlines

From GuruFocus

Baron Funds Comments on Cebu Air Inc.

By Holly LaFon Holly LaFon • 12-10-2013