M/I Homes (M/I Homes) Long-Term Capital Lease Obligation

: $58 Mil (As of Dec. 2023)

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M/I Homes's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $58 Mil.

M/I Homes's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($59 Mil) to Sep. 2023 ($59 Mil) and declined from Sep. 2023 ($59 Mil) to Dec. 2023 ($58 Mil).

M/I Homes's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($51 Mil) to Dec. 2022 ($61 Mil) but then declined from Dec. 2022 ($61 Mil) to Dec. 2023 ($58 Mil).

M/I Homes Long-Term Capital Lease Obligation Historical Data

The historical data trend for M/I Homes'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.

M/I Homes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

18.42

52.47

51.50

61.31

57.57

M/I Homes Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation																61.31	60.76	59.46	59.43	57.57

M/I Homes (NYSE:MHO) 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.

M/I Homes Long-Term Capital Lease Obligation Related Terms

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M/I Homes (M/I Homes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » M/I Homes Inc (NYSE:MHO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

4MI:Germany 4MI:Germany

Address

4131 Worth Avenue, Suite 500, Columbus, OH, USA, 43219

Website

https://www.mihomes.com

M/I Homes Inc is an American construction company that focuses on residential construction. It consists of two distinct operations: homebuilding and financial services. The homebuilding operations are spread into the Midwest, Mid-Atlantic, and Southern regions and the financial services operations support homebuilding operations by providing mortgage loans and title services to the customers of homebuilding operations. Homebuilding operations comprise the most significant portion of the revenue. The company builds homes and communities that target entry-level, move-up, and luxury homebuyers.

Executives

Susan E Krohne	officer: Chief Legal Officer, Secretary	4131 WORTH AVE, SUITE 500, COLUMBUS OH 43219
Phillip G Creek	director, officer: Ex. Vice President and CFO
Robert H Schottenstein	director, officer: Chairman, CEO & President
Ann Marie Hunker	officer: Principal Accounting Officer
Bruce A Soll	director	17655 WATERVIEW PKWY, DALLAS TX 75252
Norman L Traeger	director
J Thomas Mason	director, officer: Ex. VP & Chief Legal Officer	3 EASTON OVAL, SUITE 500, COLUMBUS OH 43219
Kumi D Walker	director	17 STANBERRY AVENUE, BEXLEY OH 43209
William H Carter	director	C/O MOMENTIVE SPECIALTY CHEMICALS INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Michael P Glimcher	director	C/O GLIMCHER REALTY TRUST, 180 EAST BROAD STREET, COLUMBUS OH 43215
Nancy J Kramer	director
Friedrich Km Bohm	director
Elizabeth K Ingram	director	555 W. GOODALE STREET, COLUMBUS OH 43215
Thomas D Igoe	director
Sharen J Turney	director	THREE LIMITED PARKWAY, COLUMBUS OH 43230