Studio City International Holdings (Studio City International Holdings) Long-Term Capital Lease Obligation : $12.3 Mil (As of Dec. 2023)

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What is Studio City International Holdings Long-Term Capital Lease Obligation?

Studio City International Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $12.3 Mil.

Studio City International Holdings's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($11.7 Mil) to Sep. 2023 ($12.0 Mil) and increased from Sep. 2023 ($12.0 Mil) to Dec. 2023 ($12.3 Mil).

Studio City International Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($14.8 Mil) to Dec. 2022 ($13.5 Mil) and declined from Dec. 2022 ($13.5 Mil) to Dec. 2023 ($12.3 Mil).

Studio City International Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Studio City International Holdings'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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Studio City International Holdings Long-Term Capital Lease Obligation Chart

Studio City International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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13.72

17.14

14.80

13.50

12.25

Studio City International Holdings 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															13.50	13.67	11.74	11.99	12.25

Studio City International Holdings (NYSE:MSC) 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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Studio City International Holdings (Studio City International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Studio City International Holdings Ltd (NYSE:MSC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

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

Website

https://www.studiocity-macau.com

Studio City International Holdings Ltd is a world-class gaming, retail, and entertainment resort located in Cotai, Macau. It operates Studio City Casino with around 250 mass-market gaming tables; approximately 970 gaming machines; and 45 VIP rolling chip tables. In addition, it offers non-gaming attractions, including the world's first figure-8 Ferris wheel, a Warner Bros-themed family entertainment center, a 4-D Batman flight simulator, an exclusive night club, and a live performance arena. Geographically, the company derives the majority of its revenue from the Macau region.