SKAN Group AG (LTS:0SKN) Long-Term Capital Lease Obligation : CHF0.1 Mil (As of Dec. 2023)

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What is SKAN Group AG Long-Term Capital Lease Obligation?

SKAN Group AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was CHF0.1 Mil.

SKAN Group AG's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (CHF0.2 Mil) to Jun. 2023 (CHF0.0 Mil) but then increased from Jun. 2023 (CHF0.0 Mil) to Dec. 2023 (CHF0.1 Mil).

SKAN Group AG's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (CHF0.3 Mil) to Dec. 2022 (CHF0.2 Mil) and declined from Dec. 2022 (CHF0.2 Mil) to Dec. 2023 (CHF0.1 Mil).

SKAN Group AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for SKAN Group AG'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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SKAN Group AG Long-Term Capital Lease Obligation Chart

SKAN Group AG Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.32

0.20

0.14

SKAN Group AG Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.32	-	0.20	-	0.14

SKAN Group AG (LTS:0SKN) 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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SKAN Group AG (LTS:0SKN) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » SKAN Group AG (LTS:0SKN) » Definitions » Long-Term Capital Lease Obligation

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SKANz:UK SKAN:Switzerland

Address

Kreuzstrasse 5, Allschwil, CHE, 4123

Website

https://www.skan.com

SKAN Group AG is a global market and technological company for isolators, cleanroom devices, and decontamination processes for the aseptic production of biopharmaceutical substances. Its core competency is the design and development of process isolators for the aseptic filling of biopharmaceutical products. The company offer its customers process support, services, and consumables. Its products include biological indicators, isolators, Laboratory/cleanroom equipment, laminar flow, safety workbench, and transfer system.

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