UWM Holdings (UWM Holdings) Long-Term Capital Lease Obligation : $154 Mil (As of Mar. 2021)

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What is UWM Holdings Long-Term Capital Lease Obligation?

UWM Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2021 was $154 Mil.

UWM Holdings's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2020 ($0 Mil) to Dec. 2020 ($0 Mil) but then increased from Dec. 2020 ($0 Mil) to Mar. 2021 ($154 Mil).

UWM Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for UWM 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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UWM Holdings Long-Term Capital Lease Obligation Chart

UWM Holdings Annual Data

Trend

Dec19

Dec20

Long-Term Capital Lease Obligation

UWM Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	-	-	154.06

UWM Holdings (NYSE:UWMC) 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.

UWM Holdings Long-Term Capital Lease Obligation Related Terms

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UWM Holdings (UWM Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » UWM Holdings Corp (NYSE:UWMC) » Definitions » Long-Term Capital Lease Obligation

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Address

585 South Boulevard E, Pontiac, MI, USA, 48341

Website

https://www.uwm.com

UWM Holdings Corp operates as a residential mortgage lender and the wholesale mortgage lender. The company provides independent mortgage advisors across the states and the district of Columbia. The firm also offers training, technology, marketing support, and more to help the entrepreneurial partners.