Beasley Broadcast Group (Beasley Broadcast Group) Long-Term Capital Lease Obligation

: $33.4 Mil (As of Dec. 2023)

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Beasley Broadcast Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $33.4 Mil.

Beasley Broadcast Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($36.0 Mil) to Sep. 2023 ($35.2 Mil) and declined from Sep. 2023 ($35.2 Mil) to Dec. 2023 ($33.4 Mil).

Beasley Broadcast Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($28.7 Mil) to Dec. 2022 ($37.5 Mil) but then declined from Dec. 2022 ($37.5 Mil) to Dec. 2023 ($33.4 Mil).

Beasley Broadcast Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Beasley Broadcast Group'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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Beasley Broadcast Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

34.91

29.64

28.75

37.49

33.44

Beasley Broadcast Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation																37.49	35.54	36.01	35.18	33.44

Beasley Broadcast Group (NAS:BBGI) 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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Beasley Broadcast Group (Beasley Broadcast Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Beasley Broadcast Group Inc (NAS:BBGI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

BZS:Germany

Address

3033 Riviera Drive, Suite 200, Naples, FL, USA, 34103

Website

https://www.bbgi.com

Beasley Broadcast Group Inc is a multi-platform media company, whose primary business is operating radio stations throughout the United States. The Company offers local and national advertisers integrated marketing solutions across audio, digital and event platforms. The Company owns and operates stations in the following markets: Atlanta, GA, Augusta, GA, Boston, MA, Charlotte, NC, Detroit, MI, Fayetteville, NC, Fort Myers-Naples, FL, Las Vegas, NV, Middlesex, NJ, Monmouth, NJ, Morristown, NJ, Philadelphia, PA, Tampa-Saint Petersburg, FL, and Wilmington, DE. The Company currently operates three operating segments Audio, Digital and esports.

Executives

Caroline Beasley	director, 10 percent owner, officer: CFO
Bruce G Beasley	director, 10 percent owner, officer: President	3033 RIVIERA DRIVE, SUITE 200, NAPLES FL 34103
Bradley C Beasley	10 percent owner	3033 RIVERA DRIVE, SUITE 200, NAPLES FL 34103
Brian E Beasley	director, officer: Vice President of Operations	3033 RIVERA DRIVE, SUITE 200, NAPLES FL 34103
Gordon H Smith	director	6903 ROCKLEDGE DRIVE, SUITE 1500, BETHESDA MD 21771
Christopher D. Ornelas	officer: General Counsel	C/O BEASLEY BROADCAST GROUP, INC., 3033 RIVIERA DRIVE, SUITE 200, NAPLES FL 34103
Warfield Charles M. Jr.	director	C/O BEASLEY BROADCAST GROUP, INC., 3033 RIVIERA DRIVE, SUITE 200, NAPLES FL 34103
George G Beasley	director, 10 percent owner, officer: CEO
Leslie V Godridge	director
Mark S Fowler	director	C/O TALK AMERICA HOLDINGS, INC., 12020 SUNRISE VALLEY DR, STE. 250, RESTON VA 20191
Cristina Bordes 2009 Gift Trust	other: See Remarks	C/O CARTER LEDYARD & MILBURN LLP, TWO WALL STREET, NEW YORK NY 10005
Stephanie L. Bordes	other: See Remarks	C/O CARTER LEDYARD & MILBURN LLP, TWO WALL STREET, NEW YORK NY 10005
Stephen M. Bordes	other: See Remarks	C/O CARTER LEDYARD & MILBURN LLP, TWO WALL STREET, NEW YORK NY 10005
Cristina Bordes	10 percent owner	C/O CARTER LEDYARD & MILBURN LLP, TWO WALL STREET, NEW YORK NY 10005
Bordes 2015 Grat #7 Lee	other: See Remarks	C/O CARTER LEDYARD & MILBURN LLP, TWO WALL STREET, NEW YORK NY 10005