Vita 34 AG (LTS:0NLV) Long-Term Capital Lease Obligation : €10.42 Mil (As of Sep. 2023)

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What is Vita 34 AG Long-Term Capital Lease Obligation?

Vita 34 AG's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was €10.42 Mil.

Vita 34 AG's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (€10.39 Mil) to Jun. 2023 (€10.91 Mil) but then declined from Jun. 2023 (€10.91 Mil) to Sep. 2023 (€10.42 Mil).

Vita 34 AG's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (€0.98 Mil) to Dec. 2021 (€8.78 Mil) and increased from Dec. 2021 (€8.78 Mil) to Dec. 2022 (€10.33 Mil).

Vita 34 AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vita 34 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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Vita 34 AG Long-Term Capital Lease Obligation Chart

Vita 34 AG Annual Data

Trend

Dec13

Dec14

Dec15

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Dec19

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Dec22

Long-Term Capital Lease Obligation

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0.10

1.36

0.98

8.78

10.33

Vita 34 AG Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															10.19	10.33	10.39	10.91	10.42

Vita 34 AG (LTS:0NLV) 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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Vita 34 AG (LTS:0NLV) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Vita 34 AG (LTS:0NLV) » Definitions » Long-Term Capital Lease Obligation

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V3V:Germany

Address

Deutscher Platz 5a, Leipzig, DEU, D-04103

Website

https://www.vita34.de

Vita 34 AG is an umbilical cord blood bank. It supplies cryo-preservation and provides for the logistics to collect the blood, the preparation and the storage of stem cells from umbilical cord blood and tissue. The Group has two strategic areas that constitute the Group's reportable segments. Both segments are active in the field of stem cell banking, but differ in their organizational and operational structure with separate financial information. The products and services of the two segments correspond to the service portfolios of the two subgroups PBKM and Vita 34. It operates in Germany, Spain, and other international countries, of which maximum revenue is derived from the business operations in Germany.

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