Zinc Media Group (LSE:ZIN) Long-Term Capital Lease Obligation : £0.06 Mil (As of Dec. 2023)

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What is Zinc Media Group Long-Term Capital Lease Obligation?

Zinc Media Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.06 Mil.

Zinc Media Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£0.35 Mil) to Jun. 2023 (£0.16 Mil) and declined from Jun. 2023 (£0.16 Mil) to Dec. 2023 (£0.06 Mil).

Zinc Media Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£0.74 Mil) to Dec. 2022 (£0.35 Mil) and declined from Dec. 2022 (£0.35 Mil) to Dec. 2023 (£0.06 Mil).

Zinc Media Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zinc Media 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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Zinc Media Group Long-Term Capital Lease Obligation Chart

Zinc Media Group Annual Data

Trend

Mar12

Mar13

Jun15

Jun16

Jun17

Jun18

Jun19

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.02

0.74

0.35

0.06

Zinc Media Group Semi-Annual Data
	Sep13	Mar14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.74	0.53	0.35	0.16	0.06

Zinc Media Group (LSE:ZIN) 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.

Zinc Media Group Long-Term Capital Lease Obligation Related Terms

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Zinc Media Group (LSE:ZIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Zinc Media Group PLC (LSE:ZIN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ZIN.GB:UK

Address

17 Dominion Street, 1st Floor, London, GBR, EC2M 2EF

Website

https://www.zincmedia.com

Zinc Media Group PLC is a multimedia producer of TV programming with publishing and communications content. The activities undertaken by the TV segment include the production of television content. The Content Production segment includes brand and corporate film production, radio and podcast production and publishing. The majority of its revenue is earned from TV production. The Group comprises twelve businesses that operate in two areas: television production (Tern TV, Brook Lapping, Red Sauce, Supercollider, Rex, Bumblebee and Atomic TV) and content production for brands and businesses (The Edge and the Zinc Communicate businesses in Brand Entertainment, Audio, Corporate Film and Publishing). Geographically, the majority is from the United Kingdom.

Zinc Media Group (LSE:ZIN) Headlines

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