OverActive Media (OverActive Media) Long-Term Capital Lease Obligation : $0.09 Mil (As of Mar. 2024)

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What is OverActive Media Long-Term Capital Lease Obligation?

OverActive Media's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.09 Mil.

OverActive Media's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.01 Mil) to Dec. 2023 ($0.00 Mil) but then increased from Dec. 2023 ($0.00 Mil) to Mar. 2024 ($0.09 Mil).

OverActive Media's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.75 Mil) to Dec. 2022 ($0.26 Mil) and declined from Dec. 2022 ($0.26 Mil) to Dec. 2023 ($0.00 Mil).

OverActive Media Long-Term Capital Lease Obligation Historical Data

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

OverActive Media Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.37

0.75

0.26

OverActive Media Quarterly Data
	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										0.16	0.04	0.01	-	0.09

OverActive Media (OTCPK:OAMCF) 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.

OverActive Media Long-Term Capital Lease Obligation Related Terms

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OverActive Media (OverActive Media) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » OverActive Media Corp (OTCPK:OAMCF) » Definitions » Long-Term Capital Lease Obligation

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OAM:Canada

Address

41 Fraser Avenue, Toronto, ON, CAN, M6K 1Y7

Website

https://www.overactivemedia.com

OverActive Media Corp owns and operates an integrated portfolio of esports teams as well as audience engagement. It is involved in delivering sports, media, and entertainment products focused on esports, video games, content, culture, and live and online events for the next generation of fans. Its segments are Team Operations and Business Operations segments. The company generates maximum revenue from the Team Operations segment. Geographically, it derives a majority of revenue from Canada.