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Psyence Biomedical (Psyence Biomedical) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2023)


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What is Psyence Biomedical Long-Term Capital Lease Obligation?

Psyence Biomedical's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was $0.00 Mil.


Psyence Biomedical Long-Term Capital Lease Obligation Historical Data

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

Psyence Biomedical Annual Data
Trend Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
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Psyence Biomedical Semi-Annual Data
Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation - - -

Psyence Biomedical  (NAS:PBM) 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.

Psyence Biomedical Long-Term Capital Lease Obligation Related Terms

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Psyence Biomedical (Psyence Biomedical) Business Description

Industry
Comparable Companies
Traded in Other Exchanges
N/A
Address
121 Richmond Street West, Penthouse Suite 1300, Toronto, ON, CAN, M5H 2K1
Psyence Biomedical Ltd is a life science biotechnology company pioneering the use of natural psychedelics in mental health and wellbeing. It develops natural psilocybin products for the healing of psychological trauma and its mental health consequences in the context of palliative care. The company has commenced the clinical trial process to evaluate the safety and efficacy of its product candidates. It cultivates natural psilocybin mushrooms at its federally licensed ISO22000 facility in Southern Africa. This product is produced for export to its partners across the world to be processed into a standardized encapsulated product.

Psyence Biomedical (Psyence Biomedical) Headlines