Viking Holdings (Viking Holdings) Long-Term Capital Lease Obligation : $221 Mil (As of Mar. 2024)

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What is Viking Holdings Long-Term Capital Lease Obligation?

Viking Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $221 Mil.

Viking Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($232 Mil) to Dec. 2023 ($228 Mil) and declined from Dec. 2023 ($228 Mil) to Mar. 2024 ($221 Mil).

Viking Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($87 Mil) to Dec. 2022 ($239 Mil) but then declined from Dec. 2022 ($239 Mil) to Dec. 2023 ($228 Mil).

Viking Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Viking 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.

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Viking Holdings Long-Term Capital Lease Obligation Chart

Viking Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

87.32

239.42

227.96

Viking Holdings Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			239.42	-	231.82	227.96	221.25

Viking Holdings (NYSE:VIK) 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.

Viking Holdings Long-Term Capital Lease Obligation Related Terms

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Viking Holdings (Viking Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Viking Holdings Ltd (NYSE:VIK) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

94 Pitts Bay Road, Pembroke, BMU, HM 08

Website

https://www.viking.com

Viking Holdings Ltd is a travel company, with a fleet of 92 small, state-of-the-art ships, which view as floating hotels. It offer travel experiences on all seven continents in all three categories of the cruise industry—river, ocean and expedition cruising. The Group defines its products based on the type of cruise offering and language of the cruise service. The River segment provides river cruises outside the United States to English-speaking passengers. The Ocean segment provides ocean cruises to English-speaking passengers. Other includes operating segments that are not individually reportable, consisting of expedition cruises for English-speaking passengers ("Expedition"), Mississippi River cruises for English-speaking passengers, Viking China, which includes cruises for Mandarin.

Viking Holdings (Viking Holdings) Headlines

From GuruFocus

Viking Announces Closing of Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares

By PRNewswire • 05-03-2024