MCHVF (MGM China Holdings) Long-Term Capital Lease Obligation : $22 Mil (As of Dec. 2024)

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What is MGM China Holdings Long-Term Capital Lease Obligation?

MGM China Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $22 Mil.

MGM China Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 ($22 Mil) to Jun. 2024 ($21 Mil) but then increased from Jun. 2024 ($21 Mil) to Dec. 2024 ($22 Mil).

MGM China Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2022 ($22 Mil) to Dec. 2023 ($22 Mil) but then increased from Dec. 2023 ($22 Mil) to Dec. 2024 ($22 Mil).

MGM China Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for MGM China 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.

* Premium members only.

MGM China Holdings Long-Term Capital Lease Obligation Chart

MGM China Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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23.84

24.13

21.93

21.56

22.38

MGM China Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															21.93	19.64	21.56	21.19	22.38

MGM China Holdings (OTCPK:MCHVF) 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 China Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » MGM China Holdings Ltd (OTCPK:MCHVF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

MCHVY:USA 02282:Hong Kong M04:Germany

Address

Avenida Dr. Sun Yat Sen, Edificio MGM MACAU NAPE, Macao, MAC

Website

https://en.mgmchinaholdings.com

MGM China is one of six casino license holders in Macao. It operates two integrated resorts: the MGM Macau resort in the Peninsula and MGM Cotai in Cotai. The company is allowed to operate 750 gaming tables during its new 10-year concession period of 2023-32.