GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MasTec Inc (FRA:MY8) » Definitions » Long-Term Capital Lease Obligation

MasTec (FRA:MY8) Long-Term Capital Lease Obligation : €268 Mil (As of Mar. 2024)


View and export this data going back to . Start your Free Trial

What is MasTec Long-Term Capital Lease Obligation?

MasTec's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €268 Mil.

MasTec's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€262 Mil) to Dec. 2023 (€269 Mil) but then declined from Dec. 2023 (€269 Mil) to Mar. 2024 (€268 Mil).

MasTec's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€156 Mil) to Dec. 2022 (€183 Mil) and increased from Dec. 2022 (€183 Mil) to Dec. 2023 (€269 Mil).


MasTec Long-Term Capital Lease Obligation Historical Data

The historical data trend for MasTec'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.

MasTec Long-Term Capital Lease Obligation Chart

MasTec Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 139.10 95.77 156.10 183.18 268.57

MasTec 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 177.58 217.81 261.71 268.57 268.37

MasTec  (FRA:MY8) 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.

MasTec Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of MasTec's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.


MasTec (FRA:MY8) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MasTec Inc (FRA:MY8) » Definitions » Long-Term Capital Lease Obligation
Traded in Other Exchanges
Address
800 S. Douglas Road, 12th Floor, Coral Gables, FL, USA, 33134
MasTec is a leading infrastructure construction company operating mainly in North America across a range of industries. The company's primary activities include the engineering, building, installation, maintenance, and upgrade of communications, oil and gas, utility, renewable energy, and other infrastructure. MasTec reports its results under five reportable segments: 1) communications; 2) clean energy and infrastructure; 3) oil and gas; 4) power delivery, and 5) other.

MasTec (FRA:MY8) Headlines

No Headlines