Magna International (Magna International) Short-Term Capital Lease Obligation : $306 Mil (As of Mar. 2024)

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What is Magna International Short-Term Capital Lease Obligation?

Magna International's Short-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $306 Mil.

Magna International's quarterly Short-Term Capital Lease Obligation increased from Sep. 2023 ($384 Mil) to Dec. 2023 ($399 Mil) but then declined from Dec. 2023 ($399 Mil) to Mar. 2024 ($306 Mil).

Magna International's annual Short-Term Capital Lease Obligation increased from Dec. 2021 ($274 Mil) to Dec. 2022 ($276 Mil) and increased from Dec. 2022 ($276 Mil) to Dec. 2023 ($399 Mil).

Magna International Short-Term Capital Lease Obligation Historical Data

The historical data trend for Magna International's Short-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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Magna International Short-Term Capital Lease Obligation Chart

Magna International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Short-Term Capital Lease Obligation

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225.00

241.00

274.00

276.00

399.00

Magna International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Short-Term Capital Lease Obligation	Get a 7-Day Free Trial															285.00	303.00	384.00	399.00	306.00

Magna International Short-Term Capital Lease Obligation Explanation

Short-Term Capital Lease Obligation represents the total amount of Long-Term Capital Lease Obligation that must be paid within the next accounting period. Capital lease obligations are contractual obligations that arise from obtaining the use of property or equipment via a capital lease contract.

Magna International Short-Term Capital Lease Obligation Related Terms

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Magna International (Magna International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Magna International Inc (NYSE:MGA) » Definitions » Short-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MGA N:Mexico MGA:Germany MGA:Germany MG:Canada

Address

337 Magna Drive, Aurora, ON, CAN, L4G 7K1

Website

https://www.magna.com

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2022, roughly 50% of Magna's revenue came from North America while Europe accounted for approximately 38%.