EVGGF (Evolution AB) Long-Term Capital Lease Obligation : $75 Mil (As of Sep. 2024)

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What is Evolution AB Long-Term Capital Lease Obligation?

Evolution AB's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $75 Mil.

Evolution AB's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($71 Mil) to Jun. 2024 ($68 Mil) but then increased from Jun. 2024 ($68 Mil) to Sep. 2024 ($75 Mil).

Evolution AB's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($60 Mil) to Dec. 2022 ($69 Mil) and increased from Dec. 2022 ($69 Mil) to Dec. 2023 ($71 Mil).

Evolution AB Long-Term Capital Lease Obligation Historical Data

The historical data trend for Evolution AB'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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Evolution AB Long-Term Capital Lease Obligation Chart

Evolution AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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17.20

46.32

60.08

69.02

71.47

Evolution AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															70.12	71.47	70.97	68.48	75.00

Evolution AB (OTCPK:EVGGF) 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.

Evolution AB Long-Term Capital Lease Obligation Related Terms

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Evolution AB Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Evolution AB (OTCPK:EVGGF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

EVVTY:USA EVO:Sweden EVOs:UK 0RQ6:UK E3G1:Germany

Address

Hamngatan 11, Stockholm, SWE, SE-111 47

Website

https://www.evolution.com

Evolution AB is a B2B provider of live and slots casino systems. The Company develops, produces, markets, and licenses fully integrated online casino systems to gaming operators. The company provides business-to-business solutions, which it develops and produces for gaming operators. Evolution's primary product, Live Casino, allows a human dealer to run a real-time casino table, which is then streamed to digital devices. Players can then place bets on desktops, smartphones, and tablets and communicate with the dealer through Evolution's software. The company's services are licensed to casino operators. The company generates the vast majority of its revenue from Asia.