Rocket Lab USA (STU:6RJ) Long-Term Capital Lease Obligation : €63.7 Mil (As of Mar. 2024)

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What is Rocket Lab USA Long-Term Capital Lease Obligation?

Rocket Lab USA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €63.7 Mil.

Rocket Lab USA's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€53.4 Mil) to Dec. 2023 (€65.4 Mil) but then declined from Dec. 2023 (€65.4 Mil) to Mar. 2024 (€63.7 Mil).

Rocket Lab USA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€25.0 Mil) to Dec. 2022 (€47.0 Mil) and increased from Dec. 2022 (€47.0 Mil) to Dec. 2023 (€65.4 Mil).

Rocket Lab USA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Rocket Lab USA'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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Rocket Lab USA Long-Term Capital Lease Obligation Chart

Rocket Lab USA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

22.44

25.05

47.04

65.42

Rocket Lab USA Quarterly Data
	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										46.09	54.05	53.40	65.42	63.74

Rocket Lab USA (STU:6RJ) 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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Rocket Lab USA (STU:6RJ) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Rocket Lab USA Inc (STU:6RJ) » Definitions » Long-Term Capital Lease Obligation

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RKLB:USA

Address

3881 McGowen Street, Long Beach, CA, USA, 90808

Website

https://www.rocketlabusa.com

Rocket Lab USA Inc is engaged in space, building rockets, and spacecraft. It provides end-to-end mission services that provide frequent and reliable access to space for civil, defence, and commercial markets. It designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform. Rocket Lab's Electron launch vehicle has delivered more than 100 satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. The business operates in two segments being Launch Services and Space systems. Geographically it serves Japan, Germany, rest of the world and earns key revenue from the United States.

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