Vectus Biosystems (ASX:VBS) Long-Term Capital Lease Obligation

: A$0.00 Mil (As of Dec. 2022)

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Vectus Biosystems's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was A$0.00 Mil.

Vectus Biosystems's quarterly Long-Term Capital Lease Obligation increased from Dec. 2021 (A$0.00 Mil) to Jun. 2022 (A$0.07 Mil) but then declined from Jun. 2022 (A$0.07 Mil) to Dec. 2022 (A$0.00 Mil).

Vectus Biosystems's annual Long-Term Capital Lease Obligation declined from Jun. 2020 (A$0.04 Mil) to Jun. 2021 (A$0.02 Mil) but then increased from Jun. 2021 (A$0.02 Mil) to Jun. 2022 (A$0.07 Mil).

Vectus Biosystems Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vectus Biosystems'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.

* Premium members only.

Vectus Biosystems Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Long-Term Capital Lease Obligation

0.01

0.04

0.02

0.07

Vectus Biosystems Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Long-Term Capital Lease Obligation										-	0.02	-	0.07	-

Vectus Biosystems (ASX:VBS) 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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Vectus Biosystems (ASX:VBS) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Vectus Biosystems Ltd (ASX:VBS) » Definitions » Long-Term Capital Lease Obligation

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Address

3-11 Primrose Avenue, Rosebery, Sydney, NSW, AUS, 2018

Website

http://www.vectusbiosystems.com.au

Vectus Biosystems Ltd is an emerging biotechnology company based in Sydney, Australia. The company is in the process of developing a treatment for fibrosis and high blood pressure, which includes heart, kidney, and liver diseases. The company has also developed a technology aimed at improving the speed and accuracy of measuring the amount of DNA and RNA in samples tested in laboratories.

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