Joby Aviation (Joby Aviation) Long-Term Capital Lease Obligation : $26.52 Mil (As of Mar. 2024)

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What is Joby Aviation Long-Term Capital Lease Obligation?

Joby Aviation's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $26.52 Mil.

Joby Aviation's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($25.97 Mil) to Dec. 2023 ($26.35 Mil) and increased from Dec. 2023 ($26.35 Mil) to Mar. 2024 ($26.52 Mil).

Joby Aviation's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($23.61 Mil) and increased from Dec. 2022 ($23.61 Mil) to Dec. 2023 ($26.35 Mil).

Joby Aviation Long-Term Capital Lease Obligation Historical Data

The historical data trend for Joby Aviation'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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Joby Aviation Long-Term Capital Lease Obligation Chart

Joby Aviation Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.66

23.61

26.35

Joby Aviation Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										22.68	21.99	25.97	26.35	26.52

Joby Aviation (NYSE:JOBY) 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.

Joby Aviation Long-Term Capital Lease Obligation Related Terms

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Joby Aviation (Joby Aviation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Joby Aviation Inc (NYSE:JOBY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2155 Delaware Avenue, Suite 225, Santa Cruz, CA, USA, 95060

Website

https://www.jobyaviation.com

Joby Aviation Inc is a transportation company developing an all-electric vertical take-off and landing aircraft which it intends to operate as part of a fast, quiet, and convenient air taxi service.

Executives

Gregory Bowles	officer: Head of Government Affairs	C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Didier Papadopoulos	officer: See Remarks	C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Eric Allison	officer: Head of Product	C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Bonny W Simi	officer: See Remarks	4747 BETHESDA AVENUE, SUITE 1100, BETHESDA MD 20814
Matthew Field	officer: See Remarks	C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Kate Dehoff	officer: See Remarks	C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Joeben Bevirt	director, officer: See Remarks	C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Dipender Saluja	director	1730 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Tetsuo Ogawa	director	C/O JOBY AVIATION, INC., 333 ENCINAL ST., SANTA CRUZ CA 95060
Michael P Huerta	director	1800 M STREET NW SUITE 800, WASHINGTON DC 20036
Justin Lang	officer: See Remarks	C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Paul Cahill Sciarra	director	PO BOX 427344, SAN FRANCISCO CA 94142
Sherry Coutu	other: FORMER DIRECTOR	C/O REINVENT ACQUISITION CORP., 215 PARK AVENUE, FLOOR 11, NEW YORK NY 10003
Joby Holdings, Inc.	10 percent owner	C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
James Kuffner	director	C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #255, SANTA CRUZ CA 95060