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Deezer (XPAR:DEEZR) Long-Term Capital Lease Obligation : €15.1 Mil (As of Dec. 2023)


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What is Deezer Long-Term Capital Lease Obligation?

Deezer's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €15.1 Mil.

Deezer's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€19.0 Mil) to Jun. 2023 (€17.6 Mil) and declined from Jun. 2023 (€17.6 Mil) to Dec. 2023 (€15.1 Mil).

Deezer's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€21.5 Mil) to Dec. 2022 (€19.0 Mil) and declined from Dec. 2022 (€19.0 Mil) to Dec. 2023 (€15.1 Mil).


Deezer Long-Term Capital Lease Obligation Historical Data

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

Deezer Annual Data
Trend Dec12 Dec13 Dec14 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 28.95 23.62 21.45 19.04 15.10

Deezer Semi-Annual Data
Dec12 Dec13 Jun14 Dec14 Jun15 Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.45 - 19.04 17.61 15.10

Deezer  (XPAR:DEEZR) 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.

Deezer Long-Term Capital Lease Obligation Related Terms

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Deezer (XPAR:DEEZR) Business Description

Traded in Other Exchanges
Address
24 rue de Calais, Paris, FRA, 75009
Deezer SA is an independent music streaming platform providing access to lossless HiFi audio, innovative recommendation technology and industry-defining features. The company brings artists and fans together on a scalable and global platform, to unlock the potential of music through technology. The company is based in France, Germany, the UK, Brazil and the US.

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