Maximus (FRA:MMY) Long-Term Capital Lease Obligation : €104 Mil (As of Mar. 2024)

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What is Maximus Long-Term Capital Lease Obligation?

Maximus's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €104 Mil.

Maximus's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€121 Mil) to Dec. 2023 (€109 Mil) and declined from Dec. 2023 (€109 Mil) to Mar. 2024 (€104 Mil).

Maximus's annual Long-Term Capital Lease Obligation declined from Sep. 2021 (€104 Mil) to Sep. 2022 (€87 Mil) but then increased from Sep. 2022 (€87 Mil) to Sep. 2023 (€121 Mil).

Maximus Long-Term Capital Lease Obligation Historical Data

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

Maximus Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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88.31

103.51

87.04

121.22

Maximus 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															113.91	111.47	121.22	108.75	103.76

Maximus (FRA:MMY) 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.

Maximus Long-Term Capital Lease Obligation Related Terms

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Maximus (FRA:MMY) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Maximus Inc (FRA:MMY) » Definitions » Long-Term Capital Lease Obligation

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MMS:USA

Address

1600 Tysons Boulevard, McLean, VA, USA, 22102

Website

https://www.maximus.com

Maximus Inc is an operator of government health and human services programs in the United States, United Kingdom, Canada, Australia, and Saudi Arabia. The company offers business solutions to improve the cost-effectiveness, efficiency, and quality of government-sponsored benefit programs, such as Medicaid, Medicare, Health Insurance BC, and child support programmes. Most of its revenue is derived from long-term contractual arrangements with governments around the world. The company generates maximum revenue from the U.S. Federal Services segment.

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