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Stingray Group Long-Term Capital Lease Obligation

: $19.0 Mil (As of Sep. 2021)
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Stingray Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2021 was $19.0 Mil.

Stingray Group's quarterly Long-Term Capital Lease Obligation declined from Mar. 2021 ($20.5 Mil) to Jun. 2021 ($20.3 Mil) and declined from Jun. 2021 ($20.3 Mil) to Sep. 2021 ($19.0 Mil).

Stingray Group's annual Long-Term Capital Lease Obligation increased from Mar. 2019 ($0.0 Mil) to Mar. 2020 ($18.9 Mil) and increased from Mar. 2020 ($18.9 Mil) to Mar. 2021 ($20.5 Mil).


Stingray Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Stingray 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.

Stingray Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Long-Term Capital Lease Obligation
Premium Member Only Premium Member Only - - - 18.87 20.47

Stingray Group Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 - - 20.47 20.34 19.00

Stingray Group  (OTCPK:STGYF) 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.

Stingray Group Long-Term Capital Lease Obligation Related Terms

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Stingray Group Business Description

Stingray Group logo
Industry
Comparable Companies
Traded in Other Exchanges
Address
730 Wellington Street, Montreal, QC, CAN, H3C 1T4
Stingray Group Inc is a music, media, and technology company. The company is a provider of curated direct-to-consumer and B2B services, including audio television channels, radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps. It operates through the following segments namely Broadcasting and commercial music segment; Radio segment and Corporate and eliminations. The company generates maximum revenue from Broadcasting and commercial music segment.

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