Cinemark Holdings (FRA:ZZA) Long-Term Capital Lease Obligation : €862 Mil (As of Mar. 2024)

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What is Cinemark Holdings Long-Term Capital Lease Obligation?

Cinemark Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €862 Mil.

Cinemark Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€903 Mil) to Dec. 2023 (€850 Mil) but then increased from Dec. 2023 (€850 Mil) to Mar. 2024 (€862 Mil).

Cinemark Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€1,045 Mil) to Dec. 2022 (€999 Mil) and declined from Dec. 2022 (€999 Mil) to Dec. 2023 (€850 Mil).

Cinemark Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cinemark 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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Cinemark Holdings Long-Term Capital Lease Obligation Chart

Cinemark Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,228.03

1,037.98

1,045.10

999.32

850.15

Cinemark Holdings 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															952.87	920.88	902.61	850.15	861.67

Cinemark Holdings (FRA:ZZA) 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.

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Cinemark Holdings (FRA:ZZA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Cinemark Holdings Inc (FRA:ZZA) » Definitions » Long-Term Capital Lease Obligation

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Address

3900 Dallas Parkway, Suite 500, Plano, TX, USA, 75093

Website

https://www.ir.cinemark.com

Cinemark Holdings Inc is geographically diverse operators in the motion picture exhibition industry in the United States. The company operates in around 518 theatres and 5,847 screens in the United States and Latin America. The company generates revenue from filmed entertainment box office receipts and concession sales, with additional revenue from screen advertising, screen rental and other revenue streams, such as transactional fees, vendor marketing promotions, studio trailer placements, meeting rentals and electronic video games located in some of the theatres. Majority of Cinemark's theaters are located in midsize cities or suburbs of large cities.

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