Universal Biosensors (ASX:UBI) Long-Term Capital Lease Obligation : A$3.23 Mil (As of Dec. 2023)

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What is Universal Biosensors Long-Term Capital Lease Obligation?

Universal Biosensors's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$3.23 Mil.

Universal Biosensors's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (A$3.72 Mil) to Sep. 2023 (A$3.53 Mil) and declined from Sep. 2023 (A$3.53 Mil) to Dec. 2023 (A$3.23 Mil).

Universal Biosensors's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (A$1.69 Mil) to Dec. 2022 (A$4.00 Mil) but then declined from Dec. 2022 (A$4.00 Mil) to Dec. 2023 (A$3.23 Mil).

Universal Biosensors Long-Term Capital Lease Obligation Historical Data

The historical data trend for Universal Biosensors'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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Universal Biosensors Long-Term Capital Lease Obligation Chart

Universal Biosensors Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.60

1.69

4.00

3.23

Universal Biosensors Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.00	3.84	3.72	3.53	3.23

Universal Biosensors (ASX:UBI) 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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Universal Biosensors (ASX:UBI) Business Description

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Address

1 Corporate Avenue, Rowville, VIC, AUS, 3178

Website

https://www.universalbiosensors.com

Universal Biosensors Inc is a developer of biosensor company in electrochemical cell technology to develop a diverse range of biosensor test strips. The company's platform develops a diverse range of biosensor test strips used in its hand-held portable analysers for cost effective, effortless, and accurate detection of analytes of interest, within many industries including human health, animal health, environmental, and agriculture, enabling high speed, ease of use, reliability, accuracy at low cost.

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