Melco Resorts and Entertainment (Melco Resorts and Entertainment) Long-Term Capital Lease Obligation : $241 Mil (As of Dec. 2023)

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What is Melco Resorts and Entertainment Long-Term Capital Lease Obligation?

Melco Resorts and Entertainment's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $241 Mil.

Melco Resorts and Entertainment's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($254 Mil) to Sep. 2023 ($242 Mil) and declined from Sep. 2023 ($242 Mil) to Dec. 2023 ($241 Mil).

Melco Resorts and Entertainment's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($411 Mil) to Dec. 2022 ($254 Mil) and declined from Dec. 2022 ($254 Mil) to Dec. 2023 ($241 Mil).

Melco Resorts and Entertainment Long-Term Capital Lease Obligation Historical Data

The historical data trend for Melco Resorts and Entertainment'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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Melco Resorts and Entertainment Long-Term Capital Lease Obligation Chart

Melco Resorts and Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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350.30

346.09

410.52

254.12

241.33

Melco Resorts and Entertainment 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	Get a 7-Day Free Trial															254.12	260.69	253.71	242.36	241.33

Melco Resorts and Entertainment (NAS:MLCO) 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.

Melco Resorts and Entertainment Long-Term Capital Lease Obligation Related Terms

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Melco Resorts and Entertainment (Melco Resorts and Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Melco Resorts and Entertainment Ltd (NAS:MLCO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

0A2P:UK M1LC34:Brazil

Address

60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG

Website

https://www.melco-resorts.com

Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on VIP customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao with the rest largely from the Philippines as of 2019.