GAN (GAN) Long-Term Capital Lease Obligation : $3.6 Mil (As of Dec. 2023)

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What is GAN Long-Term Capital Lease Obligation?

GAN's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.6 Mil.

GAN's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($1.7 Mil) to Sep. 2023 ($3.7 Mil) but then declined from Sep. 2023 ($3.7 Mil) to Dec. 2023 ($3.6 Mil).

GAN's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 ($0.0 Mil) to Dec. 2022 ($0.0 Mil) but then increased from Dec. 2022 ($0.0 Mil) to Dec. 2023 ($3.6 Mil).

GAN Long-Term Capital Lease Obligation Historical Data

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

GAN Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.69

3.58

GAN Quarterly Data
	Mar19	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															-	-	1.73	3.73	3.58

GAN (NAS:GAN) 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.

GAN Long-Term Capital Lease Obligation Related Terms

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GAN (GAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » GAN Ltd (NAS:GAN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

4VN:Germany

Address

400 Spectrum Center Drive, Suite 1900, Irvine, CA, USA, 92618

Website

https://www.gan.com

GAN Ltd provides Software-as-a-Service solutions for online casino gaming and sports betting applications. The company has two operating segments B2B and B2C. The B2B segment develops, markets, and sells instances of GameSTACK, GAN Sports, and iSight Back Office technology that incorporates comprehensive player registration, account funding, and back-office accounting and management tools that enable the casino operators to efficiently, confidently, and effectively extend their presence online in places that have permitted online real money gaming, and The B2C segment, which includes the operations of Coolbet, develops and operates a B2C online sports betting and casino platform that is accessible through its website in markets across Northern Europe, Latin America, and Canada.

Executives

Giuseppe Gardali	officer: President, B2B	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Endre Nesset	officer: President, B2C	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Brian P Chang	officer: Interim CFO	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Eric J Green	director	C/O FULL HOUSE RESORTS, INC., 1980 FESTIVAL PLAZA DRIVE, SUITE 680, LAS VEGAS NV 89135
Seamus M Mcgill	director	C/O GAN LIMITED,, 400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Dermot S. Smurfit	director, officer: President, CEO	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Karen Flores	director, officer: EVP, Chief Financial Officer	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Sylvia Tiscareno	officer: Chief Legal Officer	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Glenn Anders Karlsen	officer: CEO, Coolbet	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Simon Knock	officer: EVP, Chief Information Officer	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Michael Arouh	officer: Chief Legal Officer	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Michael Jr. Smurfit	director	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Susan Bracey	director	C/O YOUBET.COM, INC., 2600 WEST OLIVE AVENUE, 5TH FLOOR, BURBANK CA 91505
David Goldberg	director	C/O GAN LIMITED, 400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Jan Roos	officer: Chief Technology Officer	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618