The Lottery (The Lottery) Long-Term Capital Lease Obligation : $0 Mil (As of Dec. 2023)

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What is The Lottery Long-Term Capital Lease Obligation?

The Lottery's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil.

The Lottery's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($0 Mil) to Jun. 2023 ($53 Mil) but then declined from Jun. 2023 ($53 Mil) to Dec. 2023 ($0 Mil).

The Lottery's annual Long-Term Capital Lease Obligation increased from . 20 ($0 Mil) to Jun. 2022 ($61 Mil) but then declined from Jun. 2022 ($61 Mil) to Jun. 2023 ($53 Mil).

The Lottery Long-Term Capital Lease Obligation Historical Data

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

The Lottery Annual Data

Trend

Jun22

Jun23

Long-Term Capital Lease Obligation

60.79

53.02

The Lottery Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	57.23	60.79	-	53.02	-

The Lottery (OTCPK:LTRCF) 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.

The Lottery Long-Term Capital Lease Obligation Related Terms

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The Lottery (The Lottery) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » The Lottery Corp Ltd (OTCPK:LTRCF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

TLC:Australia

Address

180 Ann Street, Level 8, Brisbane, QLD, AUS, 4000

Website

https://www.thelotterycorporation.com

The Lottery Corp is Australia's largest provider of lottery, Keno and instant scratch products, with long-dated and/or exclusive licences for lottery in all Australian states and territories except Western Australia, and in most states and territories for Keno. The Lottery Corp has a distribution network of over 3,800 franchised retailers selling instant scratch and lottery products through vendors such as newsagents, service stations, pharmacies, and convenience stores, in addition to online sales. Keno is sold in over 3,400 pubs and clubs.

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