DraftKings (BSP:D2KN34) Long-Term Capital Lease Obligation : R$396 Mil (As of Dec. 2023)

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What is DraftKings Long-Term Capital Lease Obligation?

DraftKings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$396 Mil.

DraftKings's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (R$313 Mil) to Sep. 2023 (R$380 Mil) and increased from Sep. 2023 (R$380 Mil) to Dec. 2023 (R$396 Mil).

DraftKings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (R$324 Mil) to Dec. 2022 (R$364 Mil) and increased from Dec. 2022 (R$364 Mil) to Dec. 2023 (R$396 Mil).

DraftKings Long-Term Capital Lease Obligation Historical Data

The historical data trend for DraftKings'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.

DraftKings Long-Term Capital Lease Obligation Chart

DraftKings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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353.83

324.26

363.67

396.04

DraftKings Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															363.67	346.20	312.67	379.91	396.04

DraftKings (BSP:D2KN34) 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.

DraftKings Long-Term Capital Lease Obligation Related Terms

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DraftKings (BSP:D2KN34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DraftKings Inc (BSP:D2KN34) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

DKNG:USA DKNG:Mexico 8DEA:Germany

Address

222 Berkeley Street, 5th Floor, Boston, MA, USA, 02116

Website

https://www.draftkings.com

DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online sports betting in 21 states (44% of the U.S. population) and iGaming in five states (11% of U.S.), with both products available to around 40% of Canada's population. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.

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