iCandy Interactive (ASX:ICI) Long-Term Capital Lease Obligation : A$0.31 Mil (As of Dec. 2023)

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What is iCandy Interactive Long-Term Capital Lease Obligation?

iCandy Interactive's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.31 Mil.

iCandy Interactive's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (A$1.03 Mil) to Jun. 2023 (A$0.00 Mil) but then increased from Jun. 2023 (A$0.00 Mil) to Dec. 2023 (A$0.31 Mil).

iCandy Interactive's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (A$0.06 Mil) to Dec. 2022 (A$1.03 Mil) but then declined from Dec. 2022 (A$1.03 Mil) to Dec. 2023 (A$0.31 Mil).

iCandy Interactive Long-Term Capital Lease Obligation Historical Data

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

iCandy Interactive Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.11

0.06

1.03

0.31

iCandy Interactive Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											0.06	-	1.03	-	0.31

iCandy Interactive (ASX:ICI) 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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iCandy Interactive (ASX:ICI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » iCandy Interactive Ltd (ASX:ICI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

91 William Street, Level 4, Melbourne, VIC, AUS, 3000

Website

https://www.icandy.io

iCandy Interactive Ltd is an investment holding company. The company is engaged in developing and publishing freenium games for smartphones, which are free-to-download and free-to-play for platers. It has two operating segments: Game development services; which is also the key revenue driver. and Game development and publishing for the development of intellectual properties for software applications and games.