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Probiotix Health (AQSE:PBX) Long-Term Capital Lease Obligation : £0.00 Mil (As of Jun. 2023)


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What is Probiotix Health Long-Term Capital Lease Obligation?

Probiotix Health's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.00 Mil.


Probiotix Health Long-Term Capital Lease Obligation Historical Data

The historical data trend for Probiotix Health'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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Probiotix Health Long-Term Capital Lease Obligation Chart

Probiotix Health Annual Data
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Probiotix Health Semi-Annual Data
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Probiotix Health  (AQSE:PBX) 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.

Probiotix Health Long-Term Capital Lease Obligation Related Terms

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Probiotix Health (AQSE:PBX) Business Description

Industry
Traded in Other Exchanges
Address
Nostell Business Estate, First Floor Zucchi Suite, Wakefield, GBR, WF4 1AB
Probiotix Health PLC develops probiotics to tackle cardiovascular disease and other lifestyle conditions which are affecting growing numbers of people across the world. The Company has one class of business, in three geographical areas being that of identifying and developing microbial strains, compounds and formulations for use in the nutraceutical industry.

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