Mig Holdings (Mig Holdings) Long-Term Capital Lease Obligation : $0.04 Mil (As of Dec. 2023)

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What is Mig Holdings Long-Term Capital Lease Obligation?

Mig Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.04 Mil.

Mig Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($0.20 Mil) to Jun. 2023 ($0.12 Mil) and declined from Jun. 2023 ($0.12 Mil) to Dec. 2023 ($0.04 Mil).

Mig Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($4.91 Mil) to Dec. 2022 ($0.20 Mil) and declined from Dec. 2022 ($0.20 Mil) to Dec. 2023 ($0.04 Mil).

Mig Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mig 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.

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Mig Holdings Long-Term Capital Lease Obligation Chart

Mig Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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61.71

7.49

4.91

0.20

0.04

Mig Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.91	14.74	0.20	0.12	0.04

Mig Holdings (OTCPK:MRFGF) 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.

Mig Holdings Long-Term Capital Lease Obligation Related Terms

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Mig Holdings (Mig Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mig Holdings SA (OTCPK:MRFGF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MIG:Greece M3K0:Germany

Address

El. Venizelou 10, Athens, GRC, 106 71

Website

http://www.marfininvestmentgroup.com

Mig Holdings SA is an investment holding company. Through its subsidiaries, the company operates its business in various segments which include Transportation, Financial Services, Real Estate, and Others. The majority of the company's revenues are generated through the Real Estate segment. This activity consists of the purchase of real estate and exercising ownership of that real estate. Geographically, it operates in Greece, European Countries, and Other countries, out of which the majority is from European countries.

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