Kings Entertainment Group (XCNQ:JKPT) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Sep. 2023)

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What is Kings Entertainment Group Long-Term Capital Lease Obligation?

Kings Entertainment Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil.

Kings Entertainment Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kings Entertainment 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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Kings Entertainment Group Long-Term Capital Lease Obligation Chart

Kings Entertainment Group Annual Data

Trend

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Long-Term Capital Lease Obligation

Kings Entertainment Group Quarterly Data
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Kings Entertainment Group (XCNQ:JKPT) 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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Kings Entertainment Group (XCNQ:JKPT) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

KENGF:USA L12:Germany

Address

505 Burrard Street, Suite 1570, Vancouver, BC, CAN

Website

Kings Entertainment Group Inc is the parent company of global lottery brand LottoKings group. As international online service providers for the lottery, casino, and sportsbook gambling, these brands leverage their ability to acquire pre-qualified players through renowned lottery offerings, then engage in a range of casino and sportsbook offerings.

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