TGS Esports (TGS Esports) Long-Term Capital Lease Obligation : $0.68 Mil (As of Mar. 2022)

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What is TGS Esports Long-Term Capital Lease Obligation?

TGS Esports's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2022 was $0.68 Mil.

TGS Esports's quarterly Long-Term Capital Lease Obligation declined from Sep. 2021 ($0.69 Mil) to Dec. 2021 ($0.67 Mil) but then increased from Dec. 2021 ($0.67 Mil) to Mar. 2022 ($0.68 Mil).

TGS Esports's annual Long-Term Capital Lease Obligation increased from . 20 ($0.00 Mil) to Jun. 2020 ($0.75 Mil) but then declined from Jun. 2020 ($0.75 Mil) to Jun. 2021 ($0.72 Mil).

TGS Esports Long-Term Capital Lease Obligation Historical Data

The historical data trend for TGS Esports'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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TGS Esports Long-Term Capital Lease Obligation Chart

TGS Esports Annual Data

Trend

Jun20

Jun21

Long-Term Capital Lease Obligation

0.75

0.72

TGS Esports Quarterly Data
	Jun19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				0.71	0.72	0.69	0.67	0.68

TGS Esports (OTCPK:TGSEF) 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.

TGS Esports Long-Term Capital Lease Obligation Related Terms

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TGS Esports (TGS Esports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » TGS Esports Inc (OTCPK:TGSEF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

XMAD:MONI MIL:MTF LSE:DCD SGX:40E LSE:MIRA MIL:CDG BOM:540023 XKRX:348840 BOM:503691 LSE:BONH

Traded in Other Exchanges

N/A

Address

4211 No. 3 Road, Richmond, BC, CAN, V6X 2C3

Website

https://www.thegamingstadium.com

TGS Esports Inc is engaged in the business of providing and hosting esports events, tournaments, and leagues at both the amateur and professional levels both online and in person. Also, the company has an esports stadium to play and watch sports.