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Galaxy Entertainment Group Long-Term Capital Lease Obligation

: $38 Mil (As of Jun. 2021)
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Galaxy Entertainment Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2021 was $38 Mil.

Galaxy Entertainment Group's quarterly Long-Term Capital Lease Obligation increased from Jun. 2020 ($38 Mil) to Dec. 2020 ($38 Mil) but then declined from Dec. 2020 ($38 Mil) to Jun. 2021 ($38 Mil).

Galaxy Entertainment Group's annual Long-Term Capital Lease Obligation increased from Dec. 2018 ($0 Mil) to Dec. 2019 ($40 Mil) but then declined from Dec. 2019 ($40 Mil) to Dec. 2020 ($38 Mil).


Galaxy Entertainment Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Galaxy 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.

Galaxy Entertainment Group Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Long-Term Capital Lease Obligation
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 39.80 38.28

Galaxy Entertainment Group Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
Long-Term Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.16 39.80 38.13 38.28 37.66

Galaxy Entertainment Group  (OTCPK:GXYYY) 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.

Galaxy Entertainment Group Long-Term Capital Lease Obligation Related Terms

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Galaxy Entertainment Group Business Description

Galaxy Entertainment Group logo
Industry
Traded in Other Exchanges
Address
111 Connaught Road Central, 22nd Floor, Wing On Centre, Hong Kong, HKG
Galaxy Entertainment is one of six casino license holders in Macao. Its major properties include Starworld casino in the Macao Peninsula and Galaxy Macau phases 1 and 2 in Cotai, with a hotel room inventory of approximately 4,300.
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