MGM Resorts International (MEX:MGM) Long-Term Capital Lease Obligation : MXN494,073 Mil (As of Sep. 2024)

View and export this data going back to 2009. Start your Free Trial

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 Sep. 2024 was MXN494,073 Mil.

MGM Resorts International's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 (MXN416,830 Mil) to Jun. 2024 (MXN460,035 Mil) and increased from Jun. 2024 (MXN460,035 Mil) to Sep. 2024 (MXN494,073 Mil).

MGM Resorts International's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (MXN242,116 Mil) to Dec. 2022 (MXN490,311 Mil) but then declined from Dec. 2022 (MXN490,311 Mil) to Dec. 2023 (MXN426,520 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

Get a 7-Day Free Trial

80,682.51

166,896.21

242,115.75

490,310.73

426,519.81

MGM Resorts International Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															437,723.52	426,519.81	416,829.60	460,034.64	494,073.28

MGM Resorts International (MEX:MGM) 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.

MGM Resorts International Long-Term Capital Lease Obligation Related Terms

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

MGM Resorts International Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MGM:USA 0JWC:UK MGG:Germany MGG:Germany 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 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented a low 20s share of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and i-gaming 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. We estimate MGM will open a resort in Japan in 2030.