Glacier Media (Glacier Media) Long-Term Capital Lease Obligation : $3.5 Mil (As of Dec. 2023)

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What is Glacier Media Long-Term Capital Lease Obligation?

Glacier Media's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.5 Mil.

Glacier Media's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($4.6 Mil) to Sep. 2023 ($4.0 Mil) and declined from Sep. 2023 ($4.0 Mil) to Dec. 2023 ($3.5 Mil).

Glacier Media's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($6.1 Mil) to Dec. 2022 ($5.1 Mil) and declined from Dec. 2022 ($5.1 Mil) to Dec. 2023 ($3.5 Mil).

Glacier Media Long-Term Capital Lease Obligation Historical Data

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

Glacier Media Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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6.97

5.30

6.11

5.14

3.55

Glacier Media 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	Get a 7-Day Free Trial															5.14	4.49	4.56	4.00	3.55

Glacier Media (OTCPK:GLMFF) 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.

Glacier Media Long-Term Capital Lease Obligation Related Terms

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Glacier Media (Glacier Media) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Glacier Media Inc (OTCPK:GLMFF) » Definitions » Long-Term Capital Lease Obligation

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GVC:Canada

Address

2188 Yukon Street, Vancouver, BC, CAN, V5Y 3P1

Website

https://www.glaciermedia.ca

Glacier Media Inc offers information and marketing solutions. It operates in three segments Environmental, Property and Financial Information; Commodity Information; and Community Media. Environmental, Property and Financial Information includes the company's business-to-business content, marketing solutions and data information products that are environmental, and property-related. Commodity Information includes business-to-business content, marketing solutions, and data information products that are agriculture, energy and mining-related. The Community media segment includes the company's community media assets and related digital and printing operations. It has a business presence in the US and Canada and derives most of its revenue from the Community Media segment.