Guild Esports (LSE:GILD) Long-Term Capital Lease Obligation : £2.78 Mil (As of Sep. 2023)

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What is Guild Esports Long-Term Capital Lease Obligation?

Guild Esports's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was £2.78 Mil.

Guild Esports's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (£3.20 Mil) to Mar. 2023 (£2.97 Mil) and declined from Mar. 2023 (£2.97 Mil) to Sep. 2023 (£2.78 Mil).

Guild Esports's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (£0.00 Mil) to Sep. 2022 (£3.20 Mil) but then declined from Sep. 2022 (£3.20 Mil) to Sep. 2023 (£2.78 Mil).

Guild Esports Long-Term Capital Lease Obligation Historical Data

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

Guild Esports Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

3.20

2.78

Guild Esports Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	0.53	3.20	2.97	2.78

Guild Esports (LSE:GILD) 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.

Guild Esports Long-Term Capital Lease Obligation Related Terms

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Guild Esports (LSE:GILD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Guild Esports PLC (LSE:GILD) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

GULDF:USA GU0:Germany

Address

2 Chance Street, London, GBR, E1 6JT

Website

https://www.guildesports.com

Guild Esports PLC operates an esports business. The company focuses on creating a franchise by establishing its esports teams to compete in main esports tournaments and a player training and scouting infrastructure modelled on the talent academies pioneered by Premier League football teams. Revenue is generated through multi-year sponsorship deals with corporate and consumer brands.