Wynn Macau (HKSE:01128) Long-Term Capital Lease Obligation : HK$118 Mil (As of Dec. 2023)

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What is Wynn Macau Long-Term Capital Lease Obligation?

Wynn Macau's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$118 Mil.

Wynn Macau's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$126 Mil) to Jun. 2023 (HK$91 Mil) but then increased from Jun. 2023 (HK$91 Mil) to Dec. 2023 (HK$118 Mil).

Wynn Macau's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$162 Mil) to Dec. 2022 (HK$126 Mil) and declined from Dec. 2022 (HK$126 Mil) to Dec. 2023 (HK$118 Mil).

Wynn Macau Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wynn Macau'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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Wynn Macau Long-Term Capital Lease Obligation Chart

Wynn Macau Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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453.77

205.56

162.09

126.43

118.49

Wynn Macau Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															162.09	132.55	126.43	91.42	118.49

Wynn Macau (HKSE:01128) 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.

Wynn Macau Long-Term Capital Lease Obligation Related Terms

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Wynn Macau (HKSE:01128) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Wynn Macau Ltd (HKSE:01128) » Definitions » Long-Term Capital Lease Obligation

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WYNMY:USA WYNMF:USA 8WY:Germany

Address

Avenida da Nave Desportiva, Wynn Palace, Cotai, MAC

Website

https://www.wynnmacau.com

Wynn Macau operates integrated casino resorts in Macao, including Wynn Macau on the peninsula and Wynn Palace in Cotai. These properties feature with high-end hotels and brand-name stores, making Wynn a high-end iconic brand. Wynn Resorts has a 72% stake in Wynn Macau.

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