Melco International Development (Melco International Development) Long-Term Capital Lease Obligation : $254 Mil (As of Jun. 2023)

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What is Melco International Development Long-Term Capital Lease Obligation?

Melco International Development's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $254 Mil.

Melco International Development's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 ($373 Mil) to Dec. 2022 ($255 Mil) and declined from Dec. 2022 ($255 Mil) to Jun. 2023 ($254 Mil).

Melco International Development's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($346 Mil) to Dec. 2021 ($410 Mil) but then declined from Dec. 2021 ($410 Mil) to Dec. 2022 ($255 Mil).

Melco International Development Long-Term Capital Lease Obligation Historical Data

The historical data trend for Melco International Development'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 International Development Long-Term Capital Lease Obligation Chart

Melco International Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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349.78

346.20

410.49

255.09

241.46

Melco International Development 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															410.49	372.98	255.09	254.01	241.46

Melco International Development (OTCPK:MDEVF) 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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Melco International Development (Melco International Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Melco International Development Ltd (OTCPK:MDEVF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

MDEVY:USA 00200:Hong Kong MX7A:Germany

Address

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

Website

https://www.melco-group.com

Melco International Development Ltd together with its subsidiaries is a developer, owner and operator of international network of casino gaming and entertainment casino resorts. Its operating segments include Casino and Hospitality segment, and the Others segment. The Casino and Hospitality segment comprises operation of casino and provision of hospitality through Melco Resorts and ICR Group. The Others segment comprises other gaming, leisure and entertainment, and property investments. The company's operations are mainly located in Macau, Hong Kong, the Philippines, Cyprus, and Japan. Geographically, the company derives maximum revenue from Macau.