Triumph Group (FRA:TG7) Long-Term Capital Lease Obligation : €0 Mil (As of Dec. 2023)

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What is Triumph Group Long-Term Capital Lease Obligation?

Triumph Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0 Mil.

Triumph Group's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (€22 Mil) to Mar. 2022 (€12 Mil) but then increased from Mar. 2022 (€12 Mil) to Mar. 2023 (€14 Mil).

Triumph Group Long-Term Capital Lease Obligation Historical Data

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

Triumph Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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49.49

21.89

11.73

13.67

Triumph Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	13.67	-	-	-

Triumph Group (FRA:TG7) 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.

Triumph Group Long-Term Capital Lease Obligation Related Terms

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Triumph Group (FRA:TG7) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Triumph Group Inc (FRA:TG7) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

TGI:USA

Address

555 E Lancaster Avenue, Suite 400, Radnor, PA, USA, 19087

Website

https://www.triumphgroup.com

Triumph Group Inc designs and manufactures a broad portfolio of aerostructures, aircraft components, and systems for the aviation industry. It serves a worldwide customer base of players in the commercial, business, and military markets. The company operates under two operating segments: Systems and Support, which designs, develops, and supports proprietary components; and Interiors, which supplies commercial and regional manufacturers with aircraft interior systems.

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