NIPG (NIP Group) Long-Term Capital Lease Obligation : $1.09 Mil (As of Dec. 2024)

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What is NIP Group Long-Term Capital Lease Obligation?

NIP Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $1.09 Mil.

NIP Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 ($1.48 Mil) to Jun. 2024 ($1.17 Mil) and declined from Jun. 2024 ($1.17 Mil) to Dec. 2024 ($1.09 Mil).

NIP Group's annual Long-Term Capital Lease Obligation declined from Dec. 2022 ($1.58 Mil) to Dec. 2023 ($1.48 Mil) and declined from Dec. 2023 ($1.48 Mil) to Dec. 2024 ($1.09 Mil).

NIP Group Long-Term Capital Lease Obligation Historical Data

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

NIP Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

1.58

1.48

1.09

NIP Group Quarterly Data
	Dec20	Dec21	Dec22	Sep23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			1.58	1.50	1.48	1.17	1.09

NIP Group (NAS:NIPG) 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.

NIP Group Long-Term Capital Lease Obligation Related Terms

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NIP Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » NIP Group Inc (NAS:NIPG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Rosenlundsgatan 31, Stockholm, SWE, 11863

Website

https://www.nipg.com

NIP Group Inc is a digital entertainment company built for the growing gaming and esports industry. NIP Group integrates multiple businesses such as talent agency, event production, game-themed hotels and game publishing to create transformative entertainment experiences that inspire, connect fans, expand influence globally, and achieve deep interaction on platforms where digital native players gather. It currently has operation centers in Sweden, China, Abu Dhabi, and Brazil, and its esports teams cover multiple game projects and are active in the top event stages.