Navios Maritime Partners LP (Navios Maritime Partners LP) Long-Term Capital Lease Obligation : $241 Mil (As of Dec. 2023)

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What is Navios Maritime Partners LP Long-Term Capital Lease Obligation?

Navios Maritime Partners LP's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $241 Mil.

Navios Maritime Partners LP's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($256 Mil) to Sep. 2023 ($248 Mil) and declined from Sep. 2023 ($248 Mil) to Dec. 2023 ($241 Mil).

Navios Maritime Partners LP's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($226 Mil) to Dec. 2022 ($271 Mil) but then declined from Dec. 2022 ($271 Mil) to Dec. 2023 ($241 Mil).

Navios Maritime Partners LP Long-Term Capital Lease Obligation Historical Data

The historical data trend for Navios Maritime Partners LP'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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Navios Maritime Partners LP Long-Term Capital Lease Obligation Chart

Navios Maritime Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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13.15

11.98

225.51

271.26

240.60

Navios Maritime Partners LP 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															271.26	263.23	255.67	247.92	240.60

Navios Maritime Partners LP (NYSE:NMM) 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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Navios Maritime Partners LP (Navios Maritime Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Navios Maritime Partners LP (NYSE:NMM) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

7 Avenue de Grande Bretagne, Office 11B2, Monte Carlo, MCO, MC 98000

Website

https://www.navios-mlp.com

Navios Maritime Partners LP is a seaborne shipping company. It owns and operates dry cargo and container vessels with the primary long-term and staggered expiration charters. The firm's fleet consists of Ultra- Handymax, Panamax, Capsize, and Container vessels and categorized in Drybulk and Container vessels. It earns revenue through chartering of vessels, voyage contracts. Geographically, it generates majority revenue from Asia.