Team17 Group (FRA:2EC) Long-Term Capital Lease Obligation : €3.4 Mil (As of Dec. 2023)

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What is Team17 Group Long-Term Capital Lease Obligation?

Team17 Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3.4 Mil.

Team17 Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€3.0 Mil) to Jun. 2023 (€4.6 Mil) but then declined from Jun. 2023 (€4.6 Mil) to Dec. 2023 (€3.4 Mil).

Team17 Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€2.4 Mil) to Dec. 2022 (€3.0 Mil) and increased from Dec. 2022 (€3.0 Mil) to Dec. 2023 (€3.4 Mil).

Team17 Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Team17 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.

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Team17 Group Long-Term Capital Lease Obligation Chart

Team17 Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.73

1.46

2.40

3.02

3.35

Team17 Group Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										2.40	3.13	3.02	4.57	3.35

Team17 Group (FRA:2EC) 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.

Team17 Group Long-Term Capital Lease Obligation Related Terms

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Team17 Group (FRA:2EC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Team17 Group PLC (FRA:2EC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TM17:UK 2EC:Germany

Address

Paragon Business Park, 3 Red Hall Avenue, Wakefield, West Yorkshire, GBR, WF1 2UL

Website

https://www.team17.com

Team17 Group PLC is a video game label and creative partner for independent developers. The company supports both owned first party IP and third-party IP-through partnering with indie developers globally. The company focuses on premium, rather than free to play games, and its portfolio comprises over 90 games, including the iconic and well-established Worms franchise, as well as Overcooked and The Escapists. The company has three reportable segments such as Games Label, Simulation and Edutainment. Games label segment is involved in Developing and publishing video games for the digital and physical market, Simulation segment works on Developing and publishing simulation games for the digital and physical market.

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