Monitronics International (Monitronics International) Long-Term Capital Lease Obligation : $15.3 Mil (As of Dec. 2020)

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What is Monitronics International Long-Term Capital Lease Obligation?

Monitronics International's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2020 was $15.3 Mil.

Monitronics International's quarterly Long-Term Capital Lease Obligation declined from Jun. 2020 ($16.0 Mil) to Sep. 2020 ($15.6 Mil) and declined from Sep. 2020 ($15.6 Mil) to Dec. 2020 ($15.3 Mil).

Monitronics International's annual Long-Term Capital Lease Obligation increased from Dec. 2018 ($0.0 Mil) to Dec. 2019 ($16.2 Mil) but then declined from Dec. 2019 ($16.2 Mil) to Dec. 2020 ($15.3 Mil).

Monitronics International Long-Term Capital Lease Obligation Historical Data

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

Monitronics International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Long-Term Capital Lease Obligation

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16.20

15.31

Monitronics International Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															16.20	16.13	16.02	15.65	15.31

Monitronics International (OTCPK:SCTYQ) 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.

Monitronics International Long-Term Capital Lease Obligation Related Terms

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Monitronics International (Monitronics International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Monitronics International Inc (OTCPK:SCTYQ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1990 Wittington Place, Farmers Branch, TX, USA, 75234

Website

https://www.brinkshome.com

Monitronics International Inc provides residential customers and commercial client accounts with monitored home and business security systems, as well as interactive and home automation services, in the United States, Canada and Puerto Rico. Its reportable segment is Brinks Home Security. The revenue source of the company includes alarm monitoring revenue; product, installation and service revenue; and other revenue, of which key revenue is derived from the alarm monitoring service.

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