Playtech (Playtech) Long-Term Capital Lease Obligation : $68 Mil (As of Dec. 2023)

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What is Playtech Long-Term Capital Lease Obligation?

Playtech's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $68 Mil.

Playtech's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($57 Mil) to Jun. 2023 ($49 Mil) but then increased from Jun. 2023 ($49 Mil) to Dec. 2023 ($68 Mil).

Playtech's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($79 Mil) to Dec. 2022 ($57 Mil) but then increased from Dec. 2022 ($57 Mil) to Dec. 2023 ($68 Mil).

Playtech Long-Term Capital Lease Obligation Historical Data

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

Playtech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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72.56

74.82

78.87

57.20

67.50

Playtech Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															78.87	58.03	57.20	49.19	67.50

Playtech (OTCPK:PYTCY) 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.

Playtech Long-Term Capital Lease Obligation Related Terms

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Playtech (Playtech) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Playtech PLC (OTCPK:PYTCY) » Definitions » Long-Term Capital Lease Obligation

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PTECl:UK PTEC:UK

Address

Upper Church Street, Ground Floor, St George’s Court, Douglas, IMN, IM1 1EE

Website

https://www.playtech.com

Playtech PLC specializes in gambling software for various online gambling networks that include online casinos, online bingo, mobile gaming, and online sports betting. The company's open platform software allows customers to build and market casino games that include blackjack, baccarat, slots, and roulette. The company's business segments are gaming B2B and gaming B2C. Gaming B2B is the division that operates casinos, services, sports, bingo, poker, and other B2B gambling. The segment gaming B2C controls Snaitech, Sun Bingo, and other B2C gambling. The company is based on the Isle of Man and generates the majority of its revenue from Italy and the United Kingdom.