Galaxy Entertainment Group (Galaxy Entertainment Group) Long-Term Capital Lease Obligation

: $70 Mil (As of Dec. 2023)

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Galaxy Entertainment Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $70 Mil.

Galaxy Entertainment Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($56 Mil) to Jun. 2023 ($75 Mil) but then declined from Jun. 2023 ($75 Mil) to Dec. 2023 ($70 Mil).

Galaxy Entertainment Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($56 Mil) to Dec. 2022 ($56 Mil) and increased from Dec. 2022 ($56 Mil) to Dec. 2023 ($70 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

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

39.80

38.28

55.60

55.63

70.27

Galaxy Entertainment Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation																55.60	56.73	55.63	74.55	70.27

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 (Galaxy Entertainment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Galaxy Entertainment Group Ltd (OTCPK:GXYYY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GXYEF:USA 00027:Hong Kong KW9A:Germany

Address

111 Connaught Road Central, 22nd Floor, Wing On Centre, Hong Kong, HKG

Website

https://www.galaxyentertainment.com

Galaxy Entertainment is one of six casino licenseholders in Macao. Its major properties include Starworld casino in the Macao Peninsula, and Galaxy Macau phases 1, 2 and 3 in Cotai, with a hotel capacity of approximately 5,564 rooms.

Galaxy Entertainment Group (Galaxy Entertainment Group) Headlines

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