Global Eagle Entertainment (Global Eagle Entertainment) Long-Term Capital Lease Obligation : $20.9 Mil (As of Jun. 2020)

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What is Global Eagle Entertainment Long-Term Capital Lease Obligation?

Global Eagle Entertainment's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2020 was $20.9 Mil.

Global Eagle Entertainment's quarterly Long-Term Capital Lease Obligation declined from Dec. 2019 ($23.6 Mil) to Mar. 2020 ($21.7 Mil) and declined from Mar. 2020 ($21.7 Mil) to Jun. 2020 ($20.9 Mil).

Global Eagle Entertainment's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2017 ($0.0 Mil) to Dec. 2018 ($0.0 Mil) but then increased from Dec. 2018 ($0.0 Mil) to Dec. 2019 ($23.6 Mil).

Global Eagle Entertainment Long-Term Capital Lease Obligation Historical Data

The historical data trend for Global Eagle 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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Global Eagle Entertainment Long-Term Capital Lease Obligation Chart

Global Eagle Entertainment Annual Data

Trend

Dec11

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Dec19

Long-Term Capital Lease Obligation

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23.64

Global Eagle Entertainment Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															22.28	22.26	23.64	21.74	20.86

Global Eagle Entertainment (OTCPK:GEENQ) 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.

Global Eagle Entertainment Long-Term Capital Lease Obligation Related Terms

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Global Eagle Entertainment (Global Eagle Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Global Eagle Entertainment Inc (OTCPK:GEENQ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

6080 Center Drive, Suite 1200, Los Angeles, CA, USA, 90045

Website

http://www.globaleagle.com

Global Eagle Entertainment Inc provides content, connectivity, and digital media solutions for the travel industry worldwide. It operates in two segments, Media and Content, and Connectivity. The Media and Content buys, produces, manages, distributes, and provides post-production services and wholly-owned and licensed media content, video and music programming, advertising, applications, and video games for and to the airline, maritime, and other away from home non-theatrical markets. Its Connectivity segment provides satellite-based connectivity services to enterprise and government customers in the aviation, maritime, and land vertical markets. The company derives maximum revenue from Connectivity segment and geographically from Asia and Middle East.

Executives

Joshua Marks	director, officer: Chief Executive Officer	4553 GLENCOE AVENUE MARINA DEL REY CA 90292
Per Noren	officer: President	6100 CENTER DRIVE SUITE 1020 LOS ANGELES CA 90045
Jeffrey A Leddy	director, officer: Executive Chairman	2002 SUMMIT BOULEVARD SUITE 1800 ATLANTA GA 30319
Robert W Reding	director	4333 AMON CARTER BLVD, FORT WORTH TX 76028
Ronald Steger	director	13710 OASIS TERRACE, LAKEWOOD RANCH FL 34202
R. Jason Everett	officer: Chief Accounting Officer	6080 CENTER DRIVE C/O GLOBAL EAGLE SUITE 1200 LOS ANGELES CA 90045
Eric Louis Zinterhofer	director	C/O SEARCHLIGHT CAPITAL PARTNERS GP, LP, 745 FIFTH AVENUE, 27TH FLOOR, NEW YORK NY 10151
Leslie Ferraro	director	6080 CENTER DRIVE C/O GLOBAL EAGLE SUITE 1200 LOS ANGELES CA 90045
Eric Sondag	director	745 FIFTH AVENUE, 27TH FLOOR NEW YORK NY 10151
Harry Sloan	director	1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401
Stephen Hasker	director	C/O NIELSEN HOLDINGS N.V., 770 BROADWAY, NEW YORK NY 10003
Sc Ii Pv Tbo, L.p.	10 percent owner	745 FIFTH AVENUE, 27TH FLOOR NEW YORK NY 10151
Sc Ii Tbo, L.p.	10 percent owner	745 FIFTH AVENUE, 27TH FLOOR NEW YORK NY 10151
Searchlight Ii Tbo-w, L.p.	10 percent owner, other: Director by Deputization	745 FIFTH AVENUE, 27TH FLOOR NEW YORK NY 10151
Searchlight Ii Tbo Gp, Llc	10 percent owner	745 FIFTH AVENUE, 27TH FLOOR NEW YORK NY 10151