NetEnt AB (OSTO:NET IL B.PFD) Long-Term Capital Lease Obligation : kr102.95 Mil (As of Sep. 2020)

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What is NetEnt AB Long-Term Capital Lease Obligation?

NetEnt AB's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2020 was kr102.95 Mil.

NetEnt AB's quarterly Long-Term Capital Lease Obligation declined from Mar. 2020 (kr137.34 Mil) to Jun. 2020 (kr117.39 Mil) and declined from Jun. 2020 (kr117.39 Mil) to Sep. 2020 (kr102.95 Mil).

NetEnt AB's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2017 (kr0.00 Mil) to Dec. 2018 (kr0.00 Mil) but then increased from Dec. 2018 (kr0.00 Mil) to Dec. 2019 (kr152.38 Mil).

NetEnt AB Long-Term Capital Lease Obligation Historical Data

The historical data trend for NetEnt AB'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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NetEnt AB Long-Term Capital Lease Obligation Chart

NetEnt AB Annual Data

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Long-Term Capital Lease Obligation

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152.38

NetEnt AB Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															178.86	152.38	137.34	117.39	102.95

NetEnt AB (OSTO:NET IL B.PFD) 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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NetEnt AB (OSTO:NET IL B.PFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NetEnt AB (OSTO:NET IL B.PFD) » Definitions » Long-Term Capital Lease Obligation

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Address

Vasagatan 16, Stockholm, SWE, SE-111 20

Website

http://www.netent.com

NetEnt AB is a Swedish company that is involved in the entertainment business and primarily develops and sells casino systems and game applications. The company's gaming portfolio comprises various game categories, including video slots, the firm's most popular category; branded games; live casino; table games; video poker; lottery and other; mini games; and pooled jackpot games. NetEnt and its customers, which are casino operators, work according to a partnership model where gaming operators pay a monthly license fee to NetEnt calculated as a percentage of the game win generated by NetEnt's games. Outside Sweden, the firm has expanded across Europe, namely in Spain and the United Kingdom, as well as New Jersey in the United States.

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