Medallion Financial (Medallion Financial) Long-Term Capital Lease Obligation : $7.0 Mil (As of Dec. 2023)

View and export this data going back to 1996. Start your Free Trial

What is Medallion Financial Long-Term Capital Lease Obligation?

Medallion Financial's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7.0 Mil.

Medallion Financial's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($7.6 Mil) to Sep. 2023 ($7.1 Mil) and declined from Sep. 2023 ($7.1 Mil) to Dec. 2023 ($7.0 Mil).

Medallion Financial's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($9.1 Mil) to Dec. 2022 ($8.4 Mil) and declined from Dec. 2022 ($8.4 Mil) to Dec. 2023 ($7.0 Mil).

Medallion Financial Long-Term Capital Lease Obligation Historical Data

The historical data trend for Medallion Financial'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.

Medallion Financial Long-Term Capital Lease Obligation Chart

Medallion Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

12.74

11.02

9.05

8.41

7.02

Medallion Financial 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															8.41	8.17	7.63	7.08	7.02

Medallion Financial (NAS:MFIN) 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.

Medallion Financial Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Medallion Financial's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Medallion Financial (Medallion Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Medallion Financial Corp (NAS:MFIN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MD5:Germany MD5:Germany

Address

437 Madison Avenue, 38th Floor, New York, NY, USA, 10022

Website

https://www.medallion.com

Medallion Financial Corp is a finance company that originates and services loans in various industries. Its operating segments include recreation, home improvement, commercial lending, medallion lending and Corporate and Other Investments. The company generates maximum revenue from the Recreation segment.

Executives

David Justin Haley	officer: See Remarks	1100 EAST 6600 SOUTH, SUITE 510, SALT LAKE CITY UT 84121
Brent O. Hatch	director	C/O MEDALLION FINANCIAL CORP., 437 MADISON AVENUE, 38TH FLOOR, NEW YORK NY 10022
Anthony N. Cutrone	officer: See Remarks	437 MADISON AVENUE, 38TH FLOOR, NEW YORK NY 10022
Robert Meyer	director	1455 VALLEY ROAD, WAYNE NJ 07470
Donald S. Poulton	officer: See Remarks	1100 EAST 6600 SOUTH, SUITE 510, SALT LAKE CITY UT 84121
Cynthia A Hallenbeck	director	7272 WISCONSIN AVENUE, SUITE 1300, BETHESDA MD 20814
Allan J Tanenbaum	director
David L Rudnick	director
Alvin Murstein	director, officer: Chairman & CEO
Henry L Aaron	director
Thomas J. Munson	officer: Please See Remarks	437 MADISON AVENUE, 38TH FLOOR, NEW YORK NY 10022
Alexander S Travis	officer: See Remarks	3000 WEST COUNTY ROAD 42, SUITE 301, BURNSVILLE MN 55337
Frederick Menowitz	director	C/O MEDALLION FINANCIAL CORP, 437 MADISON AVE, NEW YORK NY 10022
Stephen A. Lewis	officer: See Remarks	3000 WEST COUNTY ROAD 42, SUITE 301, BURNSVILLE MN 55337
John Everets	director