SGN (Signing Day Sports) Long-Term Capital Lease Obligation : $0.03 Mil (As of Mar. 2025)

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What is Signing Day Sports Long-Term Capital Lease Obligation?

Signing Day Sports's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was $0.03 Mil.

Signing Day Sports's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 ($0.08 Mil) to Dec. 2024 ($0.06 Mil) and declined from Dec. 2024 ($0.06 Mil) to Mar. 2025 ($0.03 Mil).

Signing Day Sports's annual Long-Term Capital Lease Obligation increased from Dec. 2022 ($0.00 Mil) to Dec. 2023 ($0.14 Mil) but then declined from Dec. 2023 ($0.14 Mil) to Dec. 2024 ($0.06 Mil).

Signing Day Sports Long-Term Capital Lease Obligation Historical Data

The historical data trend for Signing Day Sports'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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Signing Day Sports Long-Term Capital Lease Obligation Chart

Signing Day Sports Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

0.14

0.06

Signing Day Sports Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									0.12	0.10	0.08	0.06	0.03

Signing Day Sports (AMEX:SGN) 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.

Signing Day Sports Long-Term Capital Lease Obligation Related Terms

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Signing Day Sports Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Signing Day Sports Inc (AMEX:SGN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

8355 East Hartford Road, Suite 100, Scottsdale, AZ, USA, 85255

Website

https://signingdaysports.com

Signing Day Sports Inc is a technology company developing and operating platforms aiming to allow significantly more student-athletes to go to college and continue playing sports. Its platform Signing Day Sports is a digital ecosystem to help athletes get discovered and recruited by coaches and recruiters across the country. It currently fully supports football and baseball, and it plans to expand the Signing Day Sports platform to include additional sports.