Caesars Entertainment (FRA:2ER) Long-Term Capital Lease Obligation : €0 Mil (As of Mar. 2024)

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What is Caesars Entertainment Long-Term Capital Lease Obligation?

Caesars Entertainment's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0 Mil.

Caesars Entertainment's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€0 Mil) to Dec. 2023 (€11,700 Mil) but then declined from Dec. 2023 (€11,700 Mil) to Mar. 2024 (€0 Mil).

Caesars Entertainment's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€10,995 Mil) to Dec. 2022 (€11,904 Mil) but then declined from Dec. 2022 (€11,904 Mil) to Dec. 2023 (€11,700 Mil).

Caesars Entertainment Long-Term Capital Lease Obligation Historical Data

The historical data trend for Caesars Entertainment'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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Caesars Entertainment Long-Term Capital Lease Obligation Chart

Caesars Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,033.20

10,106.49

10,995.24

11,903.84

11,700.00

Caesars Entertainment Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	11,700.00	-

Caesars Entertainment (FRA:2ER) 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.

Caesars Entertainment Long-Term Capital Lease Obligation Related Terms

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Caesars Entertainment (FRA:2ER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Caesars Entertainment Inc (FRA:2ER) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CZR:USA 2ER:Germany

Address

100 West Liberty Street, 12th Floor, Reno, NV, USA, 89501

Website

https://www.caesars.com

Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (58% of 2022 EBITDAR before corporate and digital expenses) and regional (59%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced material EBITDA losses in 2022. Caesars' U.S. presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the U.S. portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.

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