MarineMax (STU:MLW) Long-Term Capital Lease Obligation : €116 Mil (As of Mar. 2024)

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What is MarineMax Long-Term Capital Lease Obligation?

MarineMax's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €116 Mil.

MarineMax's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€116 Mil) to Dec. 2023 (€115 Mil) but then increased from Dec. 2023 (€115 Mil) to Mar. 2024 (€116 Mil).

MarineMax's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (€82 Mil) to Sep. 2022 (€91 Mil) and increased from Sep. 2022 (€91 Mil) to Sep. 2023 (€116 Mil).

MarineMax Long-Term Capital Lease Obligation Historical Data

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

MarineMax Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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28.42

82.41

90.55

115.99

MarineMax 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															113.77	110.54	115.99	115.13	116.13

MarineMax (STU:MLW) 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.

MarineMax Long-Term Capital Lease Obligation Related Terms

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MarineMax (STU:MLW) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » MarineMax Inc (STU:MLW) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

HZO:USA

Address

2600 McCormick Drive, Suite 200, Clearwater, FL, USA, 33759

Website

https://www.marinemax.com

MarineMax Inc is a United-States-based company that sells new and used recreational boats under premium brands, and related marine products, like engines, parts, and accessories. The company is also engaged in other businesses, including providing services of repair, maintenance, and storage; managing related boat financing, insurance, and others; offering brokerage sales of boats and yachts; and operating a yacht charter business. The reportable segments of the company are Retail Operations and Product Manufacturing. The Retail Operations segment generates the majority of the company's revenue. The sale of new and used boats accounts for the majority of the company's total revenue. It serves customers across the U.S.

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