flyExclusive (flyExclusive) Long-Term Capital Lease Obligation : $60.43 Mil (As of Sep. 2023)

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What is flyExclusive Long-Term Capital Lease Obligation?

flyExclusive's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $60.43 Mil.

flyExclusive's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($40.73 Mil) to Mar. 2023 ($46.99 Mil) and increased from Mar. 2023 ($46.99 Mil) to Sep. 2023 ($60.43 Mil).

flyExclusive's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($34.34 Mil) to Dec. 2022 ($40.73 Mil) and increased from Dec. 2022 ($40.73 Mil) to Dec. 2023 ($68.10 Mil).

flyExclusive Long-Term Capital Lease Obligation Historical Data

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

flyExclusive Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

34.34

40.73

68.10

flyExclusive Quarterly Data
	Dec20	Dec21	Mar22	Dec22	Mar23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	40.73	46.99	60.43	68.10

flyExclusive (AMEX:FLYX) 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.

flyExclusive Long-Term Capital Lease Obligation Related Terms

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flyExclusive (flyExclusive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » flyExclusive Inc (AMEX:FLYX) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

2860 Jetport Road, Kinston, NC, USA, 28504

Website

https://www.flyexclusive.com

flyExclusive Inc is a premier owner and operator of curated private aviation experiences dedicated to surpassing passenger expectations for quality, convenience, and safety. its mission is to be the world's most vertically integrated private aviation company through capital-efficient program growth, an industry-leading pricing model, optimal dispatch availability, in-house training, and a controlled premium customer experience on modernized aircraft. The company had over 90 aircraft in its owned and leased fleet which includes light, midsize, super-midsize, and large jets. As one of the nation's largest Citation operators, it has curated a versatile fleet of Citation CJ3/CJ3 plus, Citation Excel/XLS/XLS plus, Citation Encore/Encore plus, Citation Sovereign, and Citation X aircraft.

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