Genius Sports (Genius Sports) Long-Term Capital Lease Obligation : $4.8 Mil (As of Mar. 2024)

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What is Genius Sports Long-Term Capital Lease Obligation?

Genius Sports's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4.8 Mil.

Genius Sports's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($4.2 Mil) to Dec. 2023 ($3.5 Mil) but then increased from Dec. 2023 ($3.5 Mil) to Mar. 2024 ($4.8 Mil).

Genius Sports's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.0 Mil) to Dec. 2022 ($3.3 Mil) and increased from Dec. 2022 ($3.3 Mil) to Dec. 2023 ($3.5 Mil).

Genius Sports Long-Term Capital Lease Obligation Historical Data

The historical data trend for Genius 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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Genius Sports Long-Term Capital Lease Obligation Chart

Genius Sports Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

3.28

3.50

Genius Sports Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														3.62	2.94	4.18	3.50	4.77

Genius Sports (NYSE:GENI) 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.

Genius Sports Long-Term Capital Lease Obligation Related Terms

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Genius Sports (Genius Sports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Genius Sports Ltd (NYSE:GENI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

10 Bloomsbury Way, 9th Floor, London, GBR, WC1A 2SL

Website

https://www.geniussports.com

Genius Sports Ltd is a B2B provider of scalable, technology-led products and services to the sports, sports betting, and sports media industries. Its services are organized into three key product areas including Sports Technology and Services; Betting Technology, Content and Services; and Media Technology, Content and Services. All of its products are powered by proprietary technology and robust data infrastructure. It generates maximum revenue from the Betting Technology, Content and Services division. Geographically, the company derives a majority of its revenue from Europe.