Vertical Aerospace (STU:M00) Long-Term Capital Lease Obligation : €2.30 Mil (As of Dec. 2023)

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What is Vertical Aerospace Long-Term Capital Lease Obligation?

Vertical Aerospace's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2.30 Mil.

Vertical Aerospace's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€2.63 Mil) to Sep. 2023 (€2.45 Mil) and declined from Sep. 2023 (€2.45 Mil) to Dec. 2023 (€2.30 Mil).

Vertical Aerospace's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€1.86 Mil) to Dec. 2022 (€3.04 Mil) but then declined from Dec. 2022 (€3.04 Mil) to Dec. 2023 (€2.30 Mil).

Vertical Aerospace Long-Term Capital Lease Obligation Historical Data

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

Vertical Aerospace Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.12

0.94

1.86

3.04

2.30

Vertical Aerospace Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							1.82	3.04	2.63	2.45	2.30

Vertical Aerospace (STU:M00) 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.

Vertical Aerospace Long-Term Capital Lease Obligation Related Terms

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Vertical Aerospace (STU:M00) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Vertical Aerospace Ltd (STU:M00) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

EVTL:USA M00:Germany

Address

Chapel Street, Unit 1 Camwal Court, Bristol, GBR, BS2 0UW

Website

https://www.vertical-aerospace.com

Vertical Aerospace Ltd is engaged in making air travel personal, on-demand, and carbon-free. The VX4, Vertical's flagship aircraft, is a piloted electric vertical take-off and landing (eVTOL) vehicle capable of carrying four passengers.

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