Millicom International Cellular (Millicom International Cellular) Long-Term Capital Lease Obligation

: $854 Mil (As of Dec. 2023)

View and export this data going back to 2003. Start your Free Trial

Millicom International Cellular's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $854 Mil.

Millicom International Cellular's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($868 Mil) to Sep. 2023 ($843 Mil) but then increased from Sep. 2023 ($843 Mil) to Dec. 2023 ($854 Mil).

Millicom International Cellular's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($996 Mil) to Dec. 2022 ($853 Mil) but then increased from Dec. 2022 ($853 Mil) to Dec. 2023 ($854 Mil).

Millicom International Cellular Long-Term Capital Lease Obligation Historical Data

The historical data trend for Millicom International Cellular'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.

Millicom International Cellular Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

988.00

897.00

996.00

853.00

854.00

Millicom International Cellular 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															853.00	859.00	868.00	843.00	854.00

Millicom International Cellular (NAS:TIGO) 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.

Millicom International Cellular Long-Term Capital Lease Obligation Related Terms

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

Millicom International Cellular (Millicom International Cellular) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Millicom International Cellular SA (NAS:TIGO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TIGO SDB:Sweden TIGOs:UK 0GRK:UK M4M1:Germany M4M1:Germany M4M:Germany

Address

2, Rue du Fort Bourbon, Luxembourg, LUX, L-1249

Website

https://www.millicom.com

Millicom offers wireless and fixed-line telecom services primarily in smaller, less congested markets or in less developed countries in Latin America. Countries served include Bolivia (100% owned), Nicaragua (100%), Panama (100%), El Salvador (100%), Guatemala (100%), Paraguay (100%), Colombia (50%), Costa Rica (100%) and Honduras (67% but not controlled or consolidated in the firm's financial statements). The firm's fixed-line networks reach nearly 13 million homes while its wireless networks cover about 120 million people. Increasingly, Millicom offers a converged package that may include fixed-line phone, broadband, and pay television in conjunction with wireless services. The firm plans to carve out its infrastructure assets and mobile financial services business in 2023.