Zymeworks (FRA:ZA8) Long-Term Capital Lease Obligation : €19.38 Mil (As of Mar. 2024)

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What is Zymeworks Long-Term Capital Lease Obligation?

Zymeworks's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €19.38 Mil.

Zymeworks's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€21.11 Mil) to Dec. 2023 (€20.60 Mil) and declined from Dec. 2023 (€20.60 Mil) to Mar. 2024 (€19.38 Mil).

Zymeworks's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€27.46 Mil) to Dec. 2022 (€23.40 Mil) and declined from Dec. 2022 (€23.40 Mil) to Dec. 2023 (€20.60 Mil).

Zymeworks Long-Term Capital Lease Obligation Historical Data

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

Zymeworks Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5.08

4.88

27.46

23.40

20.60

Zymeworks Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	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															22.39	21.79	21.11	20.60	19.38

Zymeworks (FRA:ZA8) 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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Zymeworks (FRA:ZA8) Business Description

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ZYME:USA

Address

108 Patriot Drive, Suite A, Middletown, DE, USA, 19709

Website

https://www.zymeworks.com

Zymeworks Inc is a clinical-stage biopharmaceutical company dedicated to the discovery, development and commercialization of next-generation multifunctional biotherapeutics. Its suite of therapeutic platforms and its fully integrated drug development engine enable precise engineering of differentiated product candidates. Its clinical candidate, zanidatamab, is a novel Azymetric HER2-targeted bispecific antibody currently being evaluated in multiple Phase 1, Phase 2, and pivotal clinical trials globally as a targeted treatment option for patients with solid tumors that express HER2. The company is also advancing a deep preclinical pipeline in oncology and other therapeutic areas.

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