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Macquarie Infrastructure Holdings LLC (Macquarie Infrastructure Holdings LLC) Long-Term Debt & Capital Lease Obligation : $107.8 Mil (As of Mar. 2022)


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What is Macquarie Infrastructure Holdings LLC Long-Term Debt & Capital Lease Obligation?

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Macquarie Infrastructure Holdings LLC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $107.8 Mil.

LT-Debt-to-Total-Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligation divides by its Total Assets. Macquarie Infrastructure Holdings LLC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $107.8 Mil. Macquarie Infrastructure Holdings LLC's Total Assets for the quarter that ended in Mar. 2022 was $547.6 Mil. Macquarie Infrastructure Holdings LLC's LT-Debt-to-Total-Asset for the quarter that ended in Mar. 2022 was 0.20.

Macquarie Infrastructure Holdings LLC's LT-Debt-to-Total-Asset declined from Mar. 2021 (0.49) to Mar. 2022 (0.20). It may suggest that Macquarie Infrastructure Holdings LLC is progressively becoming less dependent on debt to grow their business.


Macquarie Infrastructure Holdings LLC Long-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Macquarie Infrastructure Holdings LLC's Long-Term Debt & 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.

* Premium members only.

Macquarie Infrastructure Holdings LLC Long-Term Debt & Capital Lease Obligation Chart

Macquarie Infrastructure Holdings LLC Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Long-Term Debt & Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,991.65 2,653.00 1,857.00 586.04 108.47

Macquarie Infrastructure Holdings LLC Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Long-Term Debt & Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,416.85 1,409.05 107.44 108.47 107.81

Macquarie Infrastructure Holdings LLC Long-Term Debt & Capital Lease Obligation Calculation

Long-Term Debt is the debt due more than 12 months in the future. The debt can be owed to banks or bondholders. Some companies issue bonds to investors and pay interest on the bonds.

Long-Term Capital Lease Obligation represents the total liability for long-term leases lasting over one year. It's amount equal to the present value (the principal) at the beginning of the lease term less lease payments during the lease term.

The interest paid on companies' debt is reflected in the income statement as interest expense. If a company has too much debt and it cannot serve the interest payment on the debt or repay the matured debt, the company risks bankruptcy. Peter Lynch famously said: A company that does not have debt cannot go bankrupt.

A company's long term debt may have different dates of maturity and interest rates, depending on the terms.

Usually a company issues long term debt to pay for its capital expenditures. Borrowing allows the company to do things that otherwise cannot be done with only the capital it has. But debt can be risky.


Macquarie Infrastructure Holdings LLC  (NYSE:MIC) Long-Term Debt & Capital Lease Obligation Explanation

LT-Debt-to-Total-Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Macquarie Infrastructure Holdings LLC's LT-Debt-to-Total-Asset ratio for the quarter that ended in Mar. 2022 is calculated as:

LT-Debt-to-Total-Asset (Q: Mar. 2022 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2022 )/Total Assets (Q: Mar. 2022 )
=107.808/547.646
=0.20

* 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.

Buffett says that durable competitive advantages carry little to no long-term debt because the company is so profitable that even expansions or acquisitions are self financed.

We are interested in long term debt load for the last ten years. If the ten years of operation show little to no long term debt, then the company has some kind of strong competitive advantage.

Warren Buffett's historic purchases indicate that on any given year, the company should have sufficient yearly net earnings to pay all long term within 3 or 4 year earnings period. (e.g. Coke + Moody's = 1yr)

Companies with enough earning power to pay long term debt in less than 3 or 4 years is a good candidate in our search for long term competitive advantage.

BUT, these companies are targets for leveraged buy outs, which saddles the business with long term debt.

If all else indicates the company has a moat, but it has ton of debt, a leveraged buyout may have created the debt. In these cases the company's bonds offer the better bet, in that the company’s earnings power is focused on paying off the debt and not growth.

Important: little or no long term debt often means a Good Long Term Bet


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Macquarie Infrastructure Holdings LLC (Macquarie Infrastructure Holdings LLC) Business Description

Traded in Other Exchanges
N/A
Address
125 West 55th Street, New York, NY, USA, 10019
Macquarie Infrastructure Holdings LLC is a diversified business company. The company's business comprises (i) Hawaii Gas, Hawaii's only government-franchised gas utility and an unregulated LPG distribution business providing gas and related services to industrial, commercial, residential, and governmental customers; (ii) controlling interests in two solar facilities on Oahu; and (iii) smaller projects collectively engaged in efforts to reduce the cost and improve the reliability and sustainability of energy in Hawaii. The company serves corporations, government agencies, and individual customers primarily in the United States.
Executives
Christopher Frost director, officer: Chief Executive Officer C/O MACQUARIE INFRASTRUCTURE CORPORATION 125 WEST 55TH STREET NEW YORK NY 10019
Nick O'neil officer: Chief Financial Officer C/O MACQUARIE INFRASTRUCTURE CORPORATION 125 WEST 55TH STREET NEW YORK NY 10019
Michael Kernan officer: General Counsel and Secretary 125 W 55TH STREET NEW YORK NY 10019
Jay Davis officer: Vice President 125 W. 55TH STREET LEVEL 15 NEW YORK NY 10019
Martin Stanley director C/O MACQUARIE INFRASTRUCTURE COMPANY LLC 125 WEST 55TH STREET NEW YORK NY 10019
Ronald Kirk director TEXAS INSTRUMENTS INCORPORATED, 12500 TI BOULEVARD MS 3999, DALLAS TX 75243
Maria S. Dreyfus director 125 WEST 55TH STREET, 15TH FLOOR, NEW YORK NY 10019
Ouma Sananikone director C/O MACQUARIE INFRASTRUCTURE COMPANY LLC, 125 WEST 55TH STREET, NEW YORK NY 10019
Henry E Lentz director ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172
Amanda M Brock director 840 GESSNER ROAD, SUITE 1400, HOUSTON TX 77024
Brown Norman H Jr director C/O MACQUARIE INFRASTRUCTURE COMPANY LLC 125 WEST 55TH STREET NEW YORK NY 10019
Mihi Llc director, 10 percent owner 125 WEST 55TH STREET, NEW YORK NY 10019
Macquarie Infrastructure Management (usa) Inc director, 10 percent owner 125 WEST 55TH STREET, 15TH FLOOR NEW YORK NY 10019
Macquarie Group Ltd 10 percent owner 50 MARTIN PLACE, SYDNEY, NSW 2000 C3 2000
Carmany George W Iii other: Former Director C/O MACQUARIE INFRASTRUCTURE COMPANY LLC 600 FIFTH AVENUE, 21ST FLOOR NEW YORK NY 10020

Macquarie Infrastructure Holdings LLC (Macquarie Infrastructure Holdings LLC) Headlines

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