Sun Country Airlines Holdings (Sun Country Airlines Holdings) Long-Term Capital Lease Obligation : $285 Mil (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Sun Country Airlines Holdings Long-Term Capital Lease Obligation?

Sun Country Airlines Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $285 Mil.

Sun Country Airlines Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($248 Mil) to Dec. 2023 ($249 Mil) and increased from Dec. 2023 ($249 Mil) to Mar. 2024 ($285 Mil).

Sun Country Airlines Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($239 Mil) to Dec. 2022 ($253 Mil) but then declined from Dec. 2022 ($253 Mil) to Dec. 2023 ($249 Mil).

Sun Country Airlines Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sun Country Airlines Holdings'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.

* Premium members only.

Sun Country Airlines Holdings Long-Term Capital Lease Obligation Chart

Sun Country Airlines Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

246.92

208.42

239.26

253.14

249.16

Sun Country Airlines Holdings Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	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															248.03	241.91	248.29	249.16	284.59

Sun Country Airlines Holdings (NAS:SNCY) 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.

Sun Country Airlines Holdings Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Sun Country Airlines Holdings's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Sun Country Airlines Holdings (Sun Country Airlines Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sun Country Airlines Holdings Inc (NAS:SNCY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2005 Cargo Road, Minneapolis, MN, USA, 55450

Website

https://www.suncountry.com

Sun Country Airlines Holdings Inc operates low-cost air carriers. The business has two operating segments: Passenger and Cargo. The passenger segment has two internal passenger groups Scheduled service and Charter. The Cargo segment provides air cargo services. The majority of the revenue is from the passenger segment.

Executives

Sca Horus Holdings, Llc	director, 10 percent owner	C/O SCA HORUS HOLDINGS, LLC, 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Erin Rose Neale	officer: General Counsel and Secretary	2005 CARGO ROAD, MINNEAPOLIS MN 55450
Grant Whitney	officer: Chief Revenue Officer & EVP	2005 CARGO ROAD, MINNEAPOLIS MN 55450
Jude Bricker	director, officer: Chief Executive Officer	1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV 89144
Gregory A. Mays	officer: Chief Operating Officer & EVP	2005 CARGO ROAD, MINNEAPOLIS MN 55450
John Gyurci	officer: Chief Acct. Off. & VP, Finance	2005 CARGO ROAD, MINNEAPOLIS MN 55450
David M Davis	director, officer: President & CFO
William Trousdale	officer: VP-Fin. Plan. & Anlys & Treas.	2005 CARGO ROAD, MINNEAPOLIS MN 55450
Eric Levenhagen	officer: Chief Admin. Off., GC & Sec.	2005 CARGO ROAD, MINNEAPOLIS MN 55450
Brian Edward Davis	officer: Chief Marketing Officer & SVP	2005 CARGO ROAD, MINNEAPOLIS MN 55450
Jennifer L Vogel	director	C/O AAR CORP., 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Gail Peterson	director	1 ECOLAB PLACE, SAINT PAUL MN 55102
Jeffrey Mader	officer: Chief Information Off. & EVP	2005 CARGO ROAD, MINNEAPOLIS MN 55450
Patrick J. O'keeffe	director	2005 CARGO ROAD, MINNEAPOLIS MN 55450
Marion C Blakey	director	C/O ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE WA 98188