Riot Platforms (Riot Platforms) Long-Term Capital Lease Obligation

: $18.9 Mil (As of Dec. 2023)

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Riot Platforms's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $18.9 Mil.

Riot Platforms's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($19.5 Mil) to Sep. 2023 ($19.5 Mil) but then declined from Sep. 2023 ($19.5 Mil) to Dec. 2023 ($18.9 Mil).

Riot Platforms's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($12.3 Mil) to Dec. 2022 ($20.2 Mil) but then declined from Dec. 2022 ($20.2 Mil) to Dec. 2023 ($18.9 Mil).

Riot Platforms Long-Term Capital Lease Obligation Historical Data

The historical data trend for Riot Platforms'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.

Riot Platforms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

12.26

20.24

18.92

Riot Platforms Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation																20.24	21.00	19.51	19.52	18.92

Riot Platforms (NAS:RIOT) 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.

Riot Platforms Long-Term Capital Lease Obligation Related Terms

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Riot Platforms (Riot Platforms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Riot Platforms Inc (NAS:RIOT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

RIOT:Mexico AP4N:Germany AP4N:Germany

Address

3855 Ambrosia Street, Suite 301, Castle Rock, CO, USA, 80109

Website

https://www.riotplatforms.com

Riot Platforms Inc is a vertically integrated Bitcoin mining company focused on building, supporting, and operating blockchain technologies. Distributed blockchain technology is a decentralized and encrypted ledger that is designed to offer a secure, efficient, verifiable, and permanent way of storing records and other information without the need for intermediaries. It serves as a medium of exchange, store of value, or unit of account. The company's segments include Bitcoin Mining; Data Center Hosting and Engineering. It generates maximum revenue from the Bitcoin Mining segment.

Executives

William Richard Jackman	officer: General Counsel	C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109
Hubert Marleau	director	C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109
Jason Chung	officer: EVP, CORP DEV (SEE REMARKS)	C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109
Lance Varro D'ambrosio	director	C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109
Yi Soo Il Benjamin	director	C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109
Jason Les	director	C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109
Ryan D. Werner	officer: SVP & CAO (See Remarks)	C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109
Hannah Cho	director	C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109
Yee Colin M.	officer: CFO	C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109
Chad Everett Harris	officer: Subsidiary Officer See Remarks	C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109
Megan M. Brooks	officer: Chief Operating Officer	C/O RIOT BLOCKCHAIN, INC., 3855 AMBROSIA STREET, STE 301, CASTLE ROCK CO 80109
Jefferey Mcgonegal	officer: Chief Financial Officer	3855 AMBROSIA STREET, STE.301, CASTLE ROCK CO 80109
Data Ag Northern	10 percent owner	AN DER WELLE 3, FRANKFURT AM MAIN 2M 60322
Lyle Joseph Theriot	officer: Subsidiary Officer See Remarks	C/O RIOT BLOCKCHAIN, INC., 3855 AMBROSIA STREET, STE. 301, CASTLE ROCK CO 80109
Remo Mancini	director	6 LAIRD AVENUE SOUTH, AMHERSTBURG A6 N9V 1X5