Grupo TMM (MEX:TMMA) Long-Term Capital Lease Obligation : MXN90 Mil (As of Jun. 2024)

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What is Grupo TMM Long-Term Capital Lease Obligation?

Grupo TMM's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was MXN90 Mil.

Grupo TMM's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (MXN100 Mil) to Mar. 2024 (MXN95 Mil) and declined from Mar. 2024 (MXN95 Mil) to Jun. 2024 (MXN90 Mil).

Grupo TMM's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (MXN288 Mil) to Dec. 2022 (MXN218 Mil) and declined from Dec. 2022 (MXN218 Mil) to Dec. 2023 (MXN100 Mil).

Grupo TMM Long-Term Capital Lease Obligation Historical Data

The historical data trend for Grupo TMM'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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Grupo TMM Long-Term Capital Lease Obligation Chart

Grupo TMM Annual Data

Trend

Dec14

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Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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526.78

297.27

288.50

218.15

100.44

Grupo TMM Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															183.80	183.20	100.44	95.20	89.70

Grupo TMM (MEX:TMMA) 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.

Grupo TMM Long-Term Capital Lease Obligation Related Terms

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Grupo TMM Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grupo TMM SA (MEX:TMMA) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

GTMAY:USA

Address

Lago Alberto No. 442, P.5., Colonia Anahuac, Mexico, MEX, 11320

Website

https://www.tmm.com.mx

Grupo TMM SA is an integrated logistics and transportation company in Mexico. It provides dynamic ocean transportation services to various international and domestic clients. The company operates through four segments namely the Maritime division, maritime infrastructure division, Logistics Ports, and terminals division and Warehousing division. The Maritime division includes transportation of bulk liquid products, materials, provisions for drilling platforms, and towing services for ships. The Logistics segment provides trucking services to various manufacturers and retailers. Operations at ports and terminals assist in loading and unloading, storage at maritime port terminals, and shipping agency operations. The warehousing segment includes storage and management of the facilities.

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