Blade Air Mobility (Blade Air Mobility) Long-Term Capital Lease Obligation : $21.1 Mil (As of Mar. 2024)

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What is Blade Air Mobility Long-Term Capital Lease Obligation?

Blade Air Mobility's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $21.1 Mil.

Blade Air Mobility's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($19.6 Mil) to Dec. 2023 ($19.7 Mil) and increased from Dec. 2023 ($19.7 Mil) to Mar. 2024 ($21.1 Mil).

Blade Air Mobility's annual Long-Term Capital Lease Obligation increased from Sep. 2021 ($0.2 Mil) to Dec. 2022 ($15.0 Mil) and increased from Dec. 2022 ($15.0 Mil) to Dec. 2023 ($19.7 Mil).

Blade Air Mobility Long-Term Capital Lease Obligation Historical Data

The historical data trend for Blade Air Mobility'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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Blade Air Mobility Long-Term Capital Lease Obligation Chart

Blade Air Mobility Annual Data

Trend

Sep19

Sep20

Sep21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.29

0.22

14.97

19.74

Blade Air Mobility Quarterly Data
	Sep19	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										20.79	19.83	19.59	19.74	21.10

Blade Air Mobility (NAS:BLDE) 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.

Blade Air Mobility Long-Term Capital Lease Obligation Related Terms

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Blade Air Mobility (Blade Air Mobility) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Blade Air Mobility Inc (NAS:BLDE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Hudson Yards, 14th Floor, New York, NY, USA, 10016

Website

https://www.blade.com

Blade Air Mobility Inc is a technology-powered air mobility platform that provides consumers with a cost-effective and time-efficient alternative to ground transportation for congested routes. The company's Passenger reporting segment arranges charter and by-the-seat flights using helicopters, jets, turboprops, and amphibious seaplanes operating in various locations throughout the United States and abroad. The company's Medical reporting segment includes air medical transporters of human organs in the United States, providing end-to-end logistics for transplant centers and organ procurement organizations utilizing helicopters, jets, turboprops and ground vehicles.

Executives

Seth J Bacon	officer: CEO, Trinity Air Medical	C/O BLADE AIR MOBILITY, INC., 55 HUDSON YARDS, 14TH FLOOR, NEW YORK NY 10001
Robert S Wiesenthal	director, officer: Chief Executive Officer	C/O SONY CORP OF AMERICA, 550 MADISON AVE, NEW YORK NY 10022
William A. Heyburn	officer: Chief Financial Officer	C/O BLADE AIR MOBILITY, INC., 31 HUDSON YARDS, 11TH FLOOR, NEW YORK NY 10001
Melissa M. Tomkiel	officer: President and General Counsel	C/O BLADE AIR MOBILITY, INC., 31 HUDSON YARDS, 11TH FLOOR, NEW YORK NY 10001
Amir Cohen	officer: Chief Accounting Officer	C/O BLADE AIR MOBILITY, INC., 31 HUDSON YARDS, 11TH FLOOR, NEW YORK NY 10001
Reginald Love	director	C/O BRIGHTSPHERE INC., 200 CLARENDON STREET, BOSTON MA 02116
Eric Affeldt	director	ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
John Borthwick	director	C/O BLADE AIR MOBILITY, INC., 55 HUDSON YARDS, 14TH FLOOR, NEW YORK NY 10001
Andrew Lauck	director	667 MADISON AVE, 16TH FLOOR, NEW YORK NY 10065
Brandon A. Keene	officer: Chief Technology Officer	C/O BLADE AIR MOBILITY, INC., 31 HUDSON YARDS, 11TH FLOOR, NEW YORK NY 10001
Anatoli Arkhipenko	officer: Chief Technology Officer	145 PARK PL, APT 5G, BROOKLYN NY 11217
Kenneth B Lerer	director
Edward M Philip	director	C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Susan M Lyne	director	11 WEST 42ND STREET, NEW YORK NY 10036
Jane C Garvey	director	P.O. BOX 66100 - HDQLD, CHICAGO IL 60666