Direct Digital Holdings (Direct Digital Holdings) Long-Term Capital Lease Obligation : $0.77 Mil (As of Dec. 2023)

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What is Direct Digital Holdings Long-Term Capital Lease Obligation?

Direct Digital Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.77 Mil.

Direct Digital Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.74 Mil) to Sep. 2023 ($0.72 Mil) but then increased from Sep. 2023 ($0.72 Mil) to Dec. 2023 ($0.77 Mil).

Direct Digital Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.75 Mil) and increased from Dec. 2022 ($0.75 Mil) to Dec. 2023 ($0.77 Mil).

Direct Digital Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Direct Digital Holdings'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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Direct Digital Holdings Long-Term Capital Lease Obligation Chart

Direct Digital Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.75

0.77

Direct Digital Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										0.75	0.74	0.74	0.72	0.77

Direct Digital Holdings (NAS:DRCTW) 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.

Direct Digital Holdings Long-Term Capital Lease Obligation Related Terms

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Direct Digital Holdings (Direct Digital Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Direct Digital Holdings Inc (NAS:DRCTW) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

DRCT:USA

Address

1177 West Loop South, Suite 1310, Houston, TX, USA, 77027

Website

https://www.directdigitalholdings.com

Direct Digital Holdings Inc is an end-to-end, full-service programmatic advertising platform primarily focused on providing advertising technology, data-driven campaign optimization and other solutions to underserved and less efficient markets on both the buy- and sell-side of the digital advertising ecosystem.