Alliance Entertainment Holding (Alliance Entertainment Holding) Long-Term Capital Lease Obligation : $6 Mil (As of Dec. 2023)

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What is Alliance Entertainment Holding Long-Term Capital Lease Obligation?

Alliance Entertainment Holding's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6 Mil.

Alliance Entertainment Holding's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($2 Mil) to Sep. 2023 ($7 Mil) but then declined from Sep. 2023 ($7 Mil) to Dec. 2023 ($6 Mil).

Alliance Entertainment Holding's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($9 Mil) to Jun. 2022 ($5 Mil) and declined from Jun. 2022 ($5 Mil) to Jun. 2023 ($2 Mil).

Alliance Entertainment Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Alliance Entertainment Holding'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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Alliance Entertainment Holding Long-Term Capital Lease Obligation Chart

Alliance Entertainment Holding Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

9.28

4.86

1.52

Alliance Entertainment Holding Quarterly Data
	Jun20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						3.92	10.52	1.52	7.14	5.95

Alliance Entertainment Holding (NAS:AENT) 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.

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Alliance Entertainment Holding (Alliance Entertainment Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Alliance Entertainment Holding Corp (NAS:AENT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

8201 Peters Road, Suite 1000, Plantation, FL, USA, 33324

Website

https://www.aent.com

Alliance Entertainment Holding Corp is a top tier distributor of music, movies, and consumer electronics. It offers more than 485,000 SKU products, consisting of vinyl records, compact discs, DVDs, Blu-rays, and video games. The company serves customers of every size, providing a suite of services to resellers and retailers around the world.