America MovilB de CV (America MovilB de CV) Long-Term Capital Lease Obligation : $9,699 Mil (As of Mar. 2024)

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What is America MovilB de CV Long-Term Capital Lease Obligation?

America MovilB de CV's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $9,699 Mil.

America MovilB de CV's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($6,029 Mil) to Dec. 2023 ($5,938 Mil) but then increased from Dec. 2023 ($5,938 Mil) to Mar. 2024 ($9,699 Mil).

America MovilB de CV's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($3,462 Mil) to Dec. 2022 ($5,193 Mil) and increased from Dec. 2022 ($5,193 Mil) to Dec. 2023 ($5,938 Mil).

America MovilB de CV Long-Term Capital Lease Obligation Historical Data

The historical data trend for America MovilB de CV'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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America MovilB de CV Long-Term Capital Lease Obligation Chart

America MovilB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5,021.32

4,235.84

3,462.12

5,193.20

5,938.05

America MovilB de CV Quarterly Data
	Jun19	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															5,673.68	5,816.36	6,029.30	5,938.05	9,699.30

America MovilB de CV (NYSE:AMX) 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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America MovilB de CV (America MovilB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » America Movil SAB de CV (NYSE:AMX) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

AMXOF:USA AMX B:Mexico MV91:Germany MV91:Germany MV9L:Germany MV90:Germany AMX:Argentina

Address

Lago Zurich 245, Plaza Carso / Edificio Telcel, Colonia Ampliacion Granada, Delegacion Miguel Hidalgo, Piso 16, Mexico City, DF, MEX, 11529

Website

https://www.americamovil.com

America Movil is the largest telecom carrier in Latin America, serving about 300 million wireless customers across the region. It also provides fixed-line phone, internet access, and television services in most of the countries it serves. Mexico is the firm's largest market, providing about 35% of service revenue. Movil dominates the Mexican wireless market with more than 60% customer share and also serves about half of fixed-line internet access customers in the country. Brazil, its second most important market, provides about 20% of service revenue. Movil sold its low-margin wireless resale business in the U.S. to Verizon in 2021 and now owns a 1.4% stake in the U.S. telecom giant. The firm also holds a 57% stake in Telekom Austria and a 16% stake in Dutch carrier KPN.