Genius Group (Genius Group) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Genius Group Long-Term Capital Lease Obligation?

Genius Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

Genius Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($11.39 Mil) to Jun. 2023 ($11.44 Mil) but then declined from Jun. 2023 ($11.44 Mil) to Dec. 2023 ($0.00 Mil).

Genius Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.90 Mil) to Dec. 2022 ($11.39 Mil) but then declined from Dec. 2022 ($11.39 Mil) to Dec. 2023 ($0.00 Mil).

Genius Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Genius 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.

* Premium members only.

Genius Group Long-Term Capital Lease Obligation Chart

Genius Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.73

1.31

0.90

11.39

Genius Group Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						0.84	7.61	11.39	11.44	-

Genius Group (AMEX:GNS) 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.

Genius Group Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Genius Group's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Genius Group (Genius Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Genius Group Ltd (AMEX:GNS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Amoy Street, No 01-01, Singapore, SGP, 049950

Website

https://www.geniusgroup.net

Genius Group Ltd is a global education company connecting students, teachers, leaders, entrepreneurs, and change-makers with the tools and global community with a mission to develop an entrepreneur education system that prepares students for the 21st Century.