Spexis AG (XSWX:SPEX) Long-Term Capital Lease Obligation : CHF2.44 Mil (As of Dec. 2023)

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What is Spexis AG Long-Term Capital Lease Obligation?

Spexis AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was CHF2.44 Mil.

Spexis AG's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (CHF3.30 Mil) to Jun. 2023 (CHF2.87 Mil) and declined from Jun. 2023 (CHF2.87 Mil) to Dec. 2023 (CHF2.44 Mil).

Spexis AG's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (CHF4.10 Mil) to Dec. 2022 (CHF3.30 Mil) and declined from Dec. 2022 (CHF3.30 Mil) to Dec. 2023 (CHF2.44 Mil).

Spexis AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Spexis 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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Spexis AG Long-Term Capital Lease Obligation Chart

Spexis AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5.48

4.10

3.30

2.44

Spexis AG Semi-Annual Data
	Dec13	Dec14	Dec15	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													4.10	3.68	3.30	2.87	2.44

Spexis AG (XSWX:SPEX) 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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Spexis AG (XSWX:SPEX) Business Description

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SPEXz:UK

Address

Hegenheimermattweg 125, Allschwil, CHE, CH-4123

Website

https://www.polyphor.com

Spexis AG is a clinical-stage biopharmaceutical company. The company is engaged in the discovery and development of antibiotics and other specialty pharma products for severe or life-threatening diseases. The company's lead product, murepavadin, is in Phase III development against Pseudomonas aeruginosa - recognized as a critical priority 1 pathogen by World Health Organization. It has one operating segment focusing on the research and development and prospective commercialization of respiratory therapeutics addressing high unmet medical needs.

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