Enthusiast Gaming Holdings (Enthusiast Gaming Holdings) Long-Term Capital Lease Obligation : $0.7 Mil (As of Sep. 2023)

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What is Enthusiast Gaming Holdings Long-Term Capital Lease Obligation?

Enthusiast Gaming Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.7 Mil.

Enthusiast Gaming Holdings's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($0.9 Mil) to Jun. 2023 ($0.8 Mil) and declined from Jun. 2023 ($0.8 Mil) to Sep. 2023 ($0.7 Mil).

Enthusiast Gaming Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($1.8 Mil) to Dec. 2021 ($1.7 Mil) and declined from Dec. 2021 ($1.7 Mil) to Dec. 2022 ($1.1 Mil).

Enthusiast Gaming Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Enthusiast Gaming Holdings'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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Enthusiast Gaming Holdings Long-Term Capital Lease Obligation Chart

Enthusiast Gaming Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

0.42

1.80

1.73

1.09

Enthusiast Gaming Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.31	1.09	0.93	0.78	0.69

Enthusiast Gaming Holdings (OTCPK:EGLXF) 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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Enthusiast Gaming Holdings (Enthusiast Gaming Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Enthusiast Gaming Holdings Inc (OTCPK:EGLXF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

2AV:Germany EGLX:Canada

Address

90 Eglinton Avenue East, Suite 805, Toronto, ON, CAN, M4P 2Y3

Website

https://www.enthusiastgaming.com

Enthusiast Gaming Holdings Inc is a gaming company building a media platform for video games and esports fans to connect and engage worldwide. Reaching over 300 million gamers every month, the company is a member of the Comscore 100 ranking of the top Internet Properties in the U.S. and the largest in the Gaming Information category on mobile devices. Combining the elements of its four core pillars; Media, Talent, Esports and Experiential, Enthusiast Gaming provides an engagement opportunity resulting in more points of connection than any other video game and esports platform, with unparalleled access to the influential and lucrative GenZ and Millennial audience. It has one segment which is digital media and entertainment. It generates a majority of its revenue from Media and content.