MGM Resorts International (FRA:MGG) Long-Term Capital Lease Obligation : €23,107 Mil (As of Mar. 2024)

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What is MGM Resorts International Long-Term Capital Lease Obligation?

MGM Resorts International's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €23,107 Mil.

MGM Resorts International's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€23,546 Mil) to Dec. 2023 (€23,042 Mil) but then increased from Dec. 2023 (€23,042 Mil) to Mar. 2024 (€23,107 Mil).

MGM Resorts International's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€10,445 Mil) to Dec. 2022 (€23,741 Mil) but then declined from Dec. 2022 (€23,741 Mil) to Dec. 2023 (€23,042 Mil).

MGM Resorts International Long-Term Capital Lease Obligation Historical Data

The historical data trend for MGM Resorts 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.

* Premium members only.

MGM Resorts International Long-Term Capital Lease Obligation Chart

MGM Resorts International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3,850.17

6,896.68

10,445.18

23,740.94

23,041.88

MGM Resorts International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															23,485.73	23,201.19	23,546.09	23,041.88	23,106.61

MGM Resorts International (FRA:MGG) 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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MGM Resorts International (FRA:MGG) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » MGM Resorts International (FRA:MGG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MGM:USA MGM:Mexico M1GM34:Brazil

Address

3600 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109

Website

https://www.mgmresorts.com

MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 74% of total EBITDAR in 2022. MGM also owns U.S. regional assets, which represented 31% of 2022 EBITDAR (MGM's Macao EBITDAR was negative in 2022). MGM's U.S. sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.

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