Sportech (LSE:SPO) Long-Term Capital Lease Obligation : £5.62 Mil (As of Jun. 2023)

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What is Sportech Long-Term Capital Lease Obligation?

Sportech's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was £5.62 Mil.

Sportech's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (£6.48 Mil) to Dec. 2022 (£6.20 Mil) and declined from Dec. 2022 (£6.20 Mil) to Jun. 2023 (£5.62 Mil).

Sportech's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (£3.06 Mil) to Dec. 2021 (£6.09 Mil) and increased from Dec. 2021 (£6.09 Mil) to Dec. 2022 (£6.20 Mil).

Sportech Long-Term Capital Lease Obligation Historical Data

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

Sportech Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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6.88

3.06

6.09

6.20

Sportech Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.85	6.09	6.48	6.20	5.62

Sportech (LSE:SPO) 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.

Sportech Long-Term Capital Lease Obligation Related Terms

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Sportech (LSE:SPO) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sportech PLC (LSE:SPO) » Definitions » Long-Term Capital Lease Obligation

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Address

Collins House, Rutland Square, Midlothian, Edinburgh, GBR, EH1 2AA

Website

https://www.sportechplc.com

Sportech PLC is a sports entertainment company and pool betting organization, focusing on regulated markets. The company has three business divisions including Sportech Digital which include the provision of pari-mutuel wagering services and systems principally to the horseracing industry; Sportech Venues include off-track betting venue management, and Corporate costs include central costs relating to Company in its capacity as the holding company of the Group. Majority of the revenue is generated from Sportech Venus division.

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