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PlaySide Studios (ASX:PLY) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)


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What is PlaySide Studios Long-Term Capital Lease Obligation?

PlaySide Studios's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil.

PlaySide Studios's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.00 Mil) to Jun. 2023 (A$1.22 Mil) but then declined from Jun. 2023 (A$1.22 Mil) to Dec. 2023 (A$0.00 Mil).

PlaySide Studios's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (A$1.23 Mil) to Jun. 2022 (A$1.68 Mil) but then declined from Jun. 2022 (A$1.68 Mil) to Jun. 2023 (A$1.22 Mil).


PlaySide Studios Long-Term Capital Lease Obligation Historical Data

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

PlaySide Studios Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Long-Term Capital Lease Obligation
0.64 1.23 1.68 1.22

PlaySide Studios Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial - 1.68 - 1.22 -

PlaySide Studios  (ASX:PLY) 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.

PlaySide Studios Long-Term Capital Lease Obligation Related Terms

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PlaySide Studios (ASX:PLY) Business Description

Traded in Other Exchanges
Address
75 Crockford Street, Level 1, Port Melbourne, Melbourne, VIC, AUS, 3207
PlaySide Studios Ltd is a video game developer in Australia. The company delivers games across four platforms: Mobile, Virtual Reality (VR), Augmented Reality (AR) and PC. Some of its games include Ghost Pop, Flush Force, Defend the Bits, Dumb ways to dash, and many others. The company has one reportable segment, development and monetization of mobile , PC and console video games.

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