Gaming Innovation Group (OSL:GIG) Long-Term Capital Lease Obligation : kr43.7 Mil (As of Mar. 2024)

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What is Gaming Innovation Group Long-Term Capital Lease Obligation?

Gaming Innovation Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr43.7 Mil.

Gaming Innovation Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (kr0.0 Mil) to Dec. 2023 (kr39.2 Mil) and increased from Dec. 2023 (kr39.2 Mil) to Mar. 2024 (kr43.7 Mil).

Gaming Innovation Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (kr103.2 Mil) to Dec. 2022 (kr71.5 Mil) and declined from Dec. 2022 (kr71.5 Mil) to Dec. 2023 (kr39.2 Mil).

Gaming Innovation Group Long-Term Capital Lease Obligation Historical Data

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

Gaming Innovation Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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125.29

124.32

103.19

71.46

39.18

Gaming Innovation Group 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															-	-	-	39.18	43.73

Gaming Innovation Group (OSL:GIG) 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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Gaming Innovation Group (OSL:GIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Gaming Innovation Group Inc (OSL:GIG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GIGo:Sweden GI11:Germany

Address

Golden Mile Business Centre, Triq Id-Dragunara, St Julian’s, MLT, 3148

Website

https://www.gig.com

Gaming Innovation Group Inc is an iGaming technology company, providing solutions, products and services to iGaming Operators. It operates iGamingCloud.com, a cloud-based platform as a software-as-a-service. It also offers business-to-consumer casino and sports betting services through its online gaming Websites and online performance marketing services. The company's vision is to be the industry leading platform and media provider delivering world class solutions to iGaming partners and their customers'. Its mission is to drive sustainable growth and profitability of partners through product innovation, scalable technology and quality of service.