Marriott International (STU:MAQ) Long-Term Capital Lease Obligation : €783 Mil (As of Mar. 2024)

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What is Marriott International Long-Term Capital Lease Obligation?

Marriott International's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €783 Mil.

Marriott International's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€905 Mil) to Dec. 2023 (€813 Mil) and declined from Dec. 2023 (€813 Mil) to Mar. 2024 (€783 Mil).

Marriott International's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€972 Mil) to Dec. 2022 (€976 Mil) but then declined from Dec. 2022 (€976 Mil) to Dec. 2023 (€813 Mil).

Marriott International Long-Term Capital Lease Obligation Historical Data

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

Marriott International Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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793.80

676.51

971.73

976.10

813.38

Marriott International 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															956.42	922.08	905.14	813.38	782.92

Marriott International (STU:MAQ) 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.

Marriott International Long-Term Capital Lease Obligation Related Terms

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Marriott International (STU:MAQ) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Marriott International Inc (STU:MAQ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MAR:USA MAR:Mexico 1MAR:Italy MAQ:Germany M1TT34:Brazil MAR:Austria

Address

7750 Wisconsin Avenue, Bethesda, MD, USA, 20814

Website

https://www.marriott.com

Marriott operates 1.6 million rooms across roughly 30 brands. At the end of 2022, luxury represented roughly 10% of total rooms, while full service and limited service were about 40% and 50%, respectively. Marriott, Courtyard, and Sheraton are the largest brands, while Autograph, Tribute, Moxy, Aloft, and Element are newer lifestyle brands. Managed and franchised represent 99% of total rooms as of Sept. 30, 2023. North America makes up two thirds of total rooms. Managed, franchise, and incentive fees represent the vast majority of revenue and profitability for the company.

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