X1 Entertainment Group (XCNQ:XONE) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Feb. 2024)

View and export this data going back to 2022. Start your Free Trial

What is X1 Entertainment Group Long-Term Capital Lease Obligation?

X1 Entertainment Group's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil.

X1 Entertainment Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for X1 Entertainment Group'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.

* Premium members only.

X1 Entertainment Group Long-Term Capital Lease Obligation Chart

X1 Entertainment Group Annual Data

Trend

Aug22

Aug23

Long-Term Capital Lease Obligation

X1 Entertainment Group Quarterly Data
	May21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						-	-	-	-	-

X1 Entertainment Group (XCNQ:XONE) 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.

X1 Entertainment Group Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of X1 Entertainment Group's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

X1 Entertainment Group (XCNQ:XONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » X1 Entertainment Group Inc (XCNQ:XONE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

QN9:Germany

Address

615-800 West Pender Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.x1ent.com

X1 Entertainment Group Inc is an esports portfolio company that owns and operates an esports franchise, RixGG. The business of the company is the competitive playing of video games by teams for cash prizes, and operations ancillary to such competition, such as merchandising and the hosting of tournaments. It engages in the acquisition and development of esports teams and digital content creation which is considered one business segment.

Executives

Adam Giddens

Director, Senior Officer