Mynaric AG (FRA:M0YN) Long-Term Capital Lease Obligation : €19.83 Mil (As of Dec. 2023)

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What is Mynaric AG Long-Term Capital Lease Obligation?

Mynaric AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €19.83 Mil.

Mynaric AG's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€7.09 Mil) to Jun. 2023 (€6.37 Mil) but then increased from Jun. 2023 (€6.37 Mil) to Dec. 2023 (€19.83 Mil).

Mynaric AG's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€7.39 Mil) to Dec. 2022 (€7.09 Mil) but then increased from Dec. 2022 (€7.09 Mil) to Dec. 2023 (€19.83 Mil).

Mynaric AG Long-Term Capital Lease Obligation Historical Data

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

Mynaric AG Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5.97

6.80

7.39

7.09

19.83

Mynaric AG Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								7.39	6.88	7.09	6.37	19.83

Mynaric AG (FRA:M0YN) 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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Mynaric AG (FRA:M0YN) Business Description

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MYNA:USA MOYFF:USA M0YN:Germany

Address

Dornierstrasse 19, Gilching, BY, DEU, 82205

Website

https://www.mynaric.com

Mynaric AG operates in the communication equipment business sector. The company is engaged in the manufacture and sale of products and projects and the provision of services in the field of laser technology, in particular in the aerospace, telematics, and satellite services sectors. It operates in two segments: Air and Space. The space segment comprises CONDOR terminals, and the Air segment comprises HAWK terminal. The company's product portfolio consists of Optical ground stations, Air-to-ground terminals, Air-to-air terminals, Space terminals, and Custom products and subcomponents. Its applications consist of high-altitude networks, remote eye, satellite constellations, earth observation satellites, and others. Geographically, the majority is from the United States.

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