Bitdeer Technologies Group (Bitdeer Technologies Group) Long-Term Capital Lease Obligation : $75.1 Mil (As of Mar. 2024)

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What is Bitdeer Technologies Group Long-Term Capital Lease Obligation?

Bitdeer Technologies Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $75.1 Mil.

Bitdeer Technologies Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($71.1 Mil) to Dec. 2023 ($70.2 Mil) but then increased from Dec. 2023 ($70.2 Mil) to Mar. 2024 ($75.1 Mil).

Bitdeer Technologies Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($63.0 Mil) to Dec. 2022 ($70.4 Mil) but then declined from Dec. 2022 ($70.4 Mil) to Dec. 2023 ($70.2 Mil).

Bitdeer Technologies Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bitdeer Technologies Group'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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Bitdeer Technologies Group Long-Term Capital Lease Obligation Chart

Bitdeer Technologies Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

21.95

62.97

70.43

70.21

Bitdeer Technologies Group Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								69.60	70.67	71.07	70.21	75.11

Bitdeer Technologies Group (NAS:BTDR) 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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Bitdeer Technologies Group (Bitdeer Technologies Group) Business Description

Industry

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Traded in Other Exchanges

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Address

08 Kallang Avenue, Aperia tower 1, No. 09-03/04, Singapore, SGP, 339509

Website

https://www.bitdeer.com

Bitdeer Technologies Group is principally engaged in provision of digital asset mining services. Its major business segments are: proprietary mining, cloud hash rate sharing and cloud hosting. The company operates five proprietary mining datacenters in the United States and Norway.