Grupo TMM (Grupo TMM) Long-Term Capital Lease Obligation : $5.74 Mil (As of Mar. 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 Mar. 2024 was $5.74 Mil.

Grupo TMM's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($10.52 Mil) to Dec. 2023 ($5.92 Mil) and declined from Dec. 2023 ($5.92 Mil) to Mar. 2024 ($5.74 Mil).

Grupo TMM's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($14.06 Mil) to Dec. 2022 ($11.19 Mil) and declined from Dec. 2022 ($11.19 Mil) to Dec. 2023 ($5.92 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

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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27.93

14.94

14.06

11.19

5.92

Grupo TMM 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															11.06	10.72	10.52	5.92	5.74

Grupo TMM (OTCPK:GTMAY) 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 (Grupo TMM) Business Description

Industry

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

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TMMA:Mexico

Address

Paseo de la Reforma No. 296, P.19. Colonia Juarez, Mexico, MEX, 06600

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 Maritime division, Logistics division, 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 and bonded warehouses.

Grupo TMM (Grupo TMM) Headlines

From GuruFocus

Grupo TMM Announces Changes in Its Organizational Structure

By Marketwired Marketwired • 01-13-2021

Grupo TMM Announces Changes in Its Organizational Structure

By GlobeNewswire GlobeNewswire • 01-13-2021

Vanessa Serrano Cuevas Acquires Shares by Donation

By Marketwired Marketwired • 01-19-2021

Vanessa Serrano Cuevas Acquires Shares by Donation

By GlobeNewswire GlobeNewswire • 01-19-2021

Grupo TMM Announces Appointment of Vanessa Serrano Cuevas as Its New Chief Executive Officer

By Marketwired Marketwired • 09-03-2020

Grupo TMM Announces That Its 2020 Annual Report and First Quarter of 2021 Results Will Be Published in May

By Marketwired Marketwired • 04-29-2021