Magyar Telekom (FRA:MGYB) Long-Term Capital Lease Obligation : €295 Mil (As of Mar. 2024)

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What is Magyar Telekom Long-Term Capital Lease Obligation?

Magyar Telekom's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €295 Mil.

Magyar Telekom's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€286 Mil) to Dec. 2023 (€284 Mil) but then increased from Dec. 2023 (€284 Mil) to Mar. 2024 (€295 Mil).

Magyar Telekom's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€291 Mil) to Dec. 2022 (€298 Mil) but then declined from Dec. 2022 (€298 Mil) to Dec. 2023 (€284 Mil).

Magyar Telekom Long-Term Capital Lease Obligation Historical Data

The historical data trend for Magyar Telekom'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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Magyar Telekom Long-Term Capital Lease Obligation Chart

Magyar Telekom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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245.34

289.87

290.54

297.77

284.18

Magyar Telekom 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															298.12	285.88	285.53	284.18	294.62

Magyar Telekom (FRA:MGYB) 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.

Magyar Telekom Long-Term Capital Lease Obligation Related Terms

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Magyar Telekom (FRA:MGYB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Magyar Telekom PLC (FRA:MGYB) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MYTAY:USA MTELEKOM:Hungary MGYB:Germany

Address

Konyves Kalman Korut. 36, Budapest, HUN, 1097

Website

https://www.telekom.hu

Magyar Telekom PLC is a telecommunications company that operates in two segments: MT-Hungary and North Macedonia. MT Hungary supplies mobile, information communication, television distribution, and system integration services to both business and residential consumers in Hungary. The North Macedonia segment expands the company's mobile and fixed-line telecommunication services across North Macedonia. Magyar controls the largest share of the Hungarian telecom market and has a footprint in Macedonia, Bulgaria, and Romania. The company receives most of its revenue from Hungary.

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