17LIVE Group (SGX:LVR) Long-Term Capital Lease Obligation : S$3.5 Mil (As of Dec. 2023)

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What is 17LIVE Group Long-Term Capital Lease Obligation?

17LIVE Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$3.5 Mil.

17LIVE Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (S$1.4 Mil) to Jun. 2023 (S$0.0 Mil) but then increased from Jun. 2023 (S$0.0 Mil) to Dec. 2023 (S$3.5 Mil).

17LIVE Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (S$0.0 Mil) to Dec. 2022 (S$1.4 Mil) and increased from Dec. 2022 (S$1.4 Mil) to Dec. 2023 (S$3.5 Mil).

17LIVE Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for 17LIVE 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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17LIVE Group Long-Term Capital Lease Obligation Chart

17LIVE Group Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.37

3.45

17LIVE Group Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	-	1.37	-	3.45

17LIVE Group (SGX:LVR) 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.

17LIVE Group Long-Term Capital Lease Obligation Related Terms

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17LIVE Group (SGX:LVR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » 17LIVE Group Ltd (SGX:LVR) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

250 North Bridge Road, No.11-01, Raffles City Tower, Singapore, SGP, 179101

Website

https://www.vertexspac.com

17LIVE Group Ltd Formerly Vertex Technology Acquisition Corp Ltd is a special-purpose investment vehicle intended to provide public market investors with access to a value-creating business at a fast growth stage of its life cycle and at the forefront of technological transformation.

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