MasTec (MasTec) Long-Term Capital Lease Obligation

: $293 Mil (As of Dec. 2023)

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MasTec's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $293 Mil.

MasTec's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($236 Mil) to Sep. 2023 ($279 Mil) and increased from Sep. 2023 ($279 Mil) to Dec. 2023 ($293 Mil).

MasTec's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($176 Mil) to Dec. 2022 ($194 Mil) and increased from Dec. 2022 ($194 Mil) to Dec. 2023 ($293 Mil).

MasTec Long-Term Capital Lease Obligation Historical Data

The historical data trend for MasTec'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.

MasTec Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

154.55

116.51

176.38

194.05

292.87

MasTec 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																194.05	190.13	235.98	279.30	292.87

MasTec (NYSE:MTZ) 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.

MasTec Long-Term Capital Lease Obligation Related Terms

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MasTec (MasTec) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MasTec Inc (NYSE:MTZ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MY8:Germany

Address

800 S. Douglas Road, 12th Floor, Coral Gables, FL, USA, 33134

Website

https://www.mastec.com

MasTec is a leading infrastructure construction company operating mainly in North America across a range of industries. The company's primary activities include the engineering, building, installation, maintenance, and upgrade of communications, oil and gas, utility, renewable energy, and other infrastructure. MasTec reports its results under five reportable segments: 1) communications; 2) clean energy and infrastructure; 3) oil and gas; 4) power delivery, and 5) other.

Executives

Paul Dimarco	officer: CFO	800 S. DOUGLAS ROAD, SUITE 1200, CORAL GABLES FL 33134
Timothy Michael Love	officer: CAO	8915 GEORGE WILLIAMS RD., KNOXVILLE TN 37923
Ava L Parker	director	1469 HARRINGTON PARK DRIVE, JACKSONVILLE FL 32225
Ernst N Csiszar	director	2600 S RIVER ROAD, DES PLAINES IL 60018
Robert E Apple	officer: Chief Operations Officer	800 S DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
C Robert Campbell	officer: EVP & CFO	800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
De Cardenas Alberto I	officer: Executive Vice President	800 S DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES X1 33134
George Pita	officer: CFO	3000 NW 107TH AVENUE, MIAMI FL 33172
Robert J Dwyer	director	880 SOUTH OCEAN BOULEVARD, PALM BEACH FL 33480
Jose S Sorzano	director	AUSTIN GROUP INC, 5305 LEE HIGHWAY NORTH, ARLINGTON VA 22207
Julia L Johnson	director	NETCOMMUNICATIONS LLC, 614 GRAND HIGHWAY, CLAREMONT FL 34711
Javier Alberto Palomarez	director	3405 PINNEY POINT DRIVE, FLOWER MOUND TX 75022
Jorge Mas	director, 10 percent owner	800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
Jose Ramon Mas	director, officer: EVP	800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
Daniel A Restrepo	director	C/O MASTEC, INC., 800 S. DOUGLAS RD., 12TH FLOOR, CORAL GABLES FL 33134