Ginkgo Bioworks Holdings (Ginkgo Bioworks Holdings) Long-Term Capital Lease Obligation : $234.50 Mil (As of Mar. 2024)

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What is Ginkgo Bioworks Holdings Long-Term Capital Lease Obligation?

Ginkgo Bioworks Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $234.50 Mil.

Ginkgo Bioworks Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($403.66 Mil) to Dec. 2023 ($221.84 Mil) but then increased from Dec. 2023 ($221.84 Mil) to Mar. 2024 ($234.50 Mil).

Ginkgo Bioworks Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($22.28 Mil) to Dec. 2022 ($413.26 Mil) but then declined from Dec. 2022 ($413.26 Mil) to Dec. 2023 ($221.84 Mil).

Ginkgo Bioworks Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ginkgo Bioworks Holdings'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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Ginkgo Bioworks Holdings Long-Term Capital Lease Obligation Chart

Ginkgo Bioworks Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

16.52

22.28

413.26

221.84

Ginkgo Bioworks Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											404.10	410.94	403.66	221.84	234.50

Ginkgo Bioworks Holdings (NYSE:DNA.WS) 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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Ginkgo Bioworks Holdings (Ginkgo Bioworks Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Ginkgo Bioworks Holdings Inc (NYSE:DNA.WS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

DNA:USA DNA:Mexico

Address

27 Drydock Avenue, 8th Floor, Boston, MA, USA, 02210

Website

https://www.ginkgobioworks.com

Ginkgo Bioworks Holdings Inc is the platform for cell programming, providing flexible, end-to-end services that solve challenges for organizations across diverse markets, from food and agriculture to pharmaceuticals to industrial and specialty chemicals. The Company reorganized its operations into two operating and reportable segments: Foundry and Biosecurity. The Biosecurity segment generates the majority of revenue.