Fly Leasing (Fly Leasing) Long-Term Capital Lease Obligation : $0.0 Mil (As of Mar. 2021)

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What is Fly Leasing Long-Term Capital Lease Obligation?

Fly Leasing's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2021 was $0.0 Mil.

Fly Leasing's quarterly Long-Term Capital Lease Obligation increased from Sep. 2020 ($0.0 Mil) to Dec. 2020 ($31.5 Mil) but then declined from Dec. 2020 ($31.5 Mil) to Mar. 2021 ($0.0 Mil).

Fly Leasing's annual Long-Term Capital Lease Obligation increased from Dec. 2018 ($39.6 Mil) to Dec. 2019 ($40.6 Mil) but then declined from Dec. 2019 ($40.6 Mil) to Dec. 2020 ($31.5 Mil).

Fly Leasing Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fly Leasing'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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Fly Leasing Long-Term Capital Lease Obligation Chart

Fly Leasing Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Long-Term Capital Lease Obligation

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24.76

20.31

39.56

40.60

31.50

Fly Leasing Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	31.50	-

Fly Leasing (NYSE:FLY) 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.

Fly Leasing Long-Term Capital Lease Obligation Related Terms

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Fly Leasing (Fly Leasing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Fly Leasing Ltd (NYSE:FLY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

West Pier Business Campus, Dun Laoghaire, County Dublin, IRL, A96 N6T7

Website

http://www.flyleasing.com

Fly Leasing Ltd is principally involved in the commercial aircraft business. In addition, to arranging for the leasing of the fleet the group is also involved acquiring and disposing of aircraft, marketeering aircraft for lease and release, collecting rents and other payments from the lessees of aircraft, monitoring maintenance, insurance and other obligations under leases, and enforcing Fly Leasing's rights against lessees.