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Athens International Airport (ATH:AIA) Long-Term Capital Lease Obligation : €2.73 Mil (As of Sep. 2023)


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What is Athens International Airport Long-Term Capital Lease Obligation?

Athens International Airport's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was €2.73 Mil.

Athens International Airport's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (€0.00 Mil) to Dec. 2022 (€2.35 Mil) and increased from Dec. 2022 (€2.35 Mil) to Sep. 2023 (€2.73 Mil).

Athens International Airport's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (€1.56 Mil) to Dec. 2021 (€2.10 Mil) and increased from Dec. 2021 (€2.10 Mil) to Dec. 2022 (€2.35 Mil).

Athens International Airport Long-Term Capital Lease Obligation Historical Data

The historical data trend for Athens International Airport'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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Athens International Airport Long-Term Capital Lease Obligation Chart

Athens International Airport Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation
1.97 1.56 2.10 2.35

Athens International Airport Quarterly Data
Dec19 Dec20 Dec21 Sep22 Dec22 Sep23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 1.56 2.10 - 2.35 2.73

Athens International Airport  (ATH:AIA) 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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Athens International Airport (ATH:AIA) Business Description

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Athens International Airport SA is a company active in the financing, construction and operation of civil airports and related activities. As a civil airport operator, the Company manages the AIA at Spata, Greece.