Taubman Centers (Taubman Centers) Long-Term Capital Lease Obligation : $240.6 Mil (As of Sep. 2020)

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What is Taubman Centers Long-Term Capital Lease Obligation?

Taubman Centers's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2020 was $240.6 Mil.

Taubman Centers's quarterly Long-Term Capital Lease Obligation declined from Mar. 2020 ($241.2 Mil) to Jun. 2020 ($240.9 Mil) and declined from Jun. 2020 ($240.9 Mil) to Sep. 2020 ($240.6 Mil).

Taubman Centers's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2017 ($0.0 Mil) to Dec. 2018 ($0.0 Mil) but then increased from Dec. 2018 ($0.0 Mil) to Dec. 2019 ($240.8 Mil).

Taubman Centers Long-Term Capital Lease Obligation Historical Data

The historical data trend for Taubman Centers'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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Taubman Centers Long-Term Capital Lease Obligation Chart

Taubman Centers Annual Data

Trend

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Long-Term Capital Lease Obligation

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240.78

Taubman Centers Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															241.07	240.78	241.21	240.91	240.61

Taubman Centers (NYSE:TCO) 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.

Taubman Centers Long-Term Capital Lease Obligation Related Terms

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Taubman Centers (Taubman Centers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Taubman Centers Inc (NYSE:TCO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

200 East Long Lake Road, Suite 300, Bloomfield Hills, MI, USA, 48304-2324

Website

http://www.taubman.com

Taubman Centers Inc is engaged in the ownership, leasing, acquisition, disposition, development, expansion, and management of shopping centers. The company owns or operates a collection of over 20 urban and suburban shopping centers in U.S. states, Puerto Rico, South Korea, and China. Some of the operating malls of the group are Cherry Creek Shopping center, City Creek Center, Dolphin Mall, Fair Oaks Mall, and Stamford Town Center. Taubman derives its revenue by offering its properties on lease.

Executives

Marakovits Cornelia Connelly	director	C/O TAUBMAN CENTERS, INC., 200 E. LONG LAKE RD., STE 300, BLOOMFIELD HILLS MI 48304
Ullman Myron E Iii	director	100 SPEAR ST. SUITE 935, SAN FRANCISCO CA 94105
Michelle J Goldberg	director	601 UNION STREET, SUITE 3100, SEATTLE WA 98101
Janice L Fields	director	800 NORTH LINDBERGH BLVD., ST. LOUIS MO 63167
Nancy Killefer	director	3170 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Mayree C Clark	director	C/O ALLY FINANCIAL INC., 200 RENAISSANCE CENTER, DETROIT MI 48265
Michael J Embler	director	C/O NMI HOLDINGS, INC., 2100 POWELL STREET, EMERYVILLE CA 94608
Simon Leopold	officer: EVP, CFO and Treasurer	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Paul Aubrey Wright	officer: President, Taubman Asia Mngmt	C/O TAUBMAN CENTERS, INC., 200 E. LONG LAKE ROAD, STE 300, BLOOMFIELD HILLS MI 48304
Jonathan Litt	director	LAND AND BUILDINGS, 1 LANDMARK SQUARE, 7TH FLOOR, STAMFORD CT 06901
Robert S Taubman	director, officer: President, CEO, AND Chair BOD	200 EAST LONG LAKE RD, SUITE 300 P O BOX 200, BLOOMFIELD HILLS MI 48303-0200
William S Taubman	officer: Chief Operating Officer	200 E LONG LAKE RD, TAUBMAN ASSET GROUP, BLOOMFIELD HILLS MI 48303
Peter John Sharp	officer: President, Taubman Asia Mngmt	C/O TAUBMAN CENTERS, INC., 200 E. LONG LAKE ROAD, STE 300, BLOOMFIELD HILLS MI 48304
Craig M Hatkoff	director	ONE WEST 72ND STREET, NEWYORK NY 10023
Jerome A Chazen	director	C/O CHAZEN CAPITAL PARTNERS LLC, 150 EAST 58TH STREET, 27TH FLOOR, NEW YORK NY 10155