MGI - Media and Games Invest SE (MGI - Media and Games Invest SE) Long-Term Capital Lease Obligation : $0.0 Mil (As of Mar. 2024)

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What is MGI - Media and Games Invest SE Long-Term Capital Lease Obligation?

MGI - Media and Games Invest SE's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil.

MGI - Media and Games Invest SE's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($0.0 Mil) to Dec. 2023 ($1.0 Mil) but then declined from Dec. 2023 ($1.0 Mil) to Mar. 2024 ($0.0 Mil).

MGI - Media and Games Invest SE's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($2.8 Mil) to Dec. 2022 ($2.8 Mil) and declined from Dec. 2022 ($2.8 Mil) to Dec. 2023 ($1.0 Mil).

MGI - Media and Games Invest SE Long-Term Capital Lease Obligation Historical Data

The historical data trend for MGI - Media and Games Invest SE'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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MGI - Media and Games Invest SE Long-Term Capital Lease Obligation Chart

MGI - Media and Games Invest SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.52

0.30

2.78

2.75

1.03

MGI - Media and Games Invest SE 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															-	-	-	1.03	-

MGI - Media and Games Invest SE (OTCPK:MGIMF) 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.

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MGI - Media and Games Invest SE (MGI - Media and Games Invest SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MGI - Media and Games Invest SE (OTCPK:MGIMF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

M8G:Sweden M8G:Germany

Address

Stureplan 6, Stockholm, SWE, 114 35

Website

https://www.mgi-se.com

MGI - Media and Games Invest SE is an advertising software platform with first-party games content with a main operational presence in Europe and North America. It helps advertisers acquire customers through smartphones, computers, connected TV, or digital-out-of-home media (DOOH) as well as publishers to efficiently and optimally monetize their advertising space. The company's software platform uses first-party data from its own games to match global advertiser demand with publisher advertisement supply and also offers a one-stop shop for programmatic advertising, enabling companies to buy and sell ad space on all digital devices.