Rivalry (Rivalry) Long-Term Capital Lease Obligation : $0.15 Mil (As of Sep. 2023)

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What is Rivalry Long-Term Capital Lease Obligation?

Rivalry's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.15 Mil.

Rivalry's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($0.23 Mil) to Jun. 2023 ($0.18 Mil) and declined from Jun. 2023 ($0.18 Mil) to Sep. 2023 ($0.15 Mil).

Rivalry's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($0.18 Mil) to Dec. 2021 ($0.01 Mil) but then increased from Dec. 2021 ($0.01 Mil) to Dec. 2022 ($0.24 Mil).

Rivalry Long-Term Capital Lease Obligation Historical Data

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

Rivalry Annual Data

Trend

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

0.18

0.01

0.24

Rivalry Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								-	0.24	0.23	0.18	0.15

Rivalry (OTCPK:RVLCF) 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.

Rivalry Long-Term Capital Lease Obligation Related Terms

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Rivalry (Rivalry) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Rivalry Corp (OTCPK:RVLCF) » Definitions » Long-Term Capital Lease Obligation

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RVLY:Canada

Address

116 Spadina Avenue, Suite 701, Toronto, ON, CAN, M5V 2K6

Website

https://www.rivalry.com

Rivalry Corp is a Canada based company. The company operates in the Sportsbook segment and Gaming segment. Sportsbook generates revenues from esports and traditional sports betting. Gaming segment revenues are earned from originally developed and third-party casino products such as Rushlane and Aviator.