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Schrodinger Long-Term Capital Lease Obligation

: $9.13 Mil (As of Mar. 2020)
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Schrodinger's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2020 was $9.13 Mil.

Schrodinger's quarterly Long-Term Capital Lease Obligation declined from Sep. 2019 ($10.05 Mil) to Dec. 2019 ($8.89 Mil) but then increased from Dec. 2019 ($8.89 Mil) to Mar. 2020 ($9.13 Mil).

Schrodinger's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2017 ($0.00 Mil) to Dec. 2018 ($0.00 Mil) but then increased from Dec. 2018 ($0.00 Mil) to Dec. 2019 ($8.89 Mil).


Schrodinger Long-Term Capital Lease Obligation Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Schrodinger Annual Data
Dec17 Dec18 Dec19
Long-Term Capital Lease Obligation 0.00 0.00 8.89

Schrodinger Quarterly Data
Dec17 Sep18 Dec18 Mar19 Sep19 Dec19 Mar20
Long-Term Capital Lease Obligation Premium Member Only Premium Member Only 0.00 0.00 10.05 8.89 9.13

Schrodinger  (NAS:SDGR) 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.

Schrodinger Long-Term Capital Lease Obligation Related Terms


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