VETIF (VIP Entertainment Technologies) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

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What is VIP Entertainment Technologies Long-Term Capital Lease Obligation?

VIP Entertainment Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

VIP Entertainment Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for VIP Entertainment Technologies'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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VIP Entertainment Technologies Long-Term Capital Lease Obligation Chart

VIP Entertainment Technologies Annual Data

Trend

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Long-Term Capital Lease Obligation

VIP Entertainment Technologies Quarterly Data
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VIP Entertainment Technologies (OTCPK:VETIF) 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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VIP Entertainment Technologies Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » VIP Entertainment Technologies Inc (OTCPK:VETIF) » Definitions » Long-Term Capital Lease Obligation

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VIP:Canada

Address

500 - 4th Avenue SW, Suite 3200, Calgary, AB, CAN, T2P 2V6

Website

https://www.vipentertaingroup.com

VIP Entertainment Technologies Inc is an entertainment and gaming company offering legal real-money betting on sports, casinos, poker, and esports events in online environments. The Company's principal business activity is the development of online poker and other sports betting products. It delivers sports betting, casino games, and poker through its VIP Bets platform.