Bionano Genomics (Bionano Genomics) Long-Term Capital Lease Obligation : $6.33 Mil (As of Mar. 2024)

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What is Bionano Genomics Long-Term Capital Lease Obligation?

Bionano Genomics's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $6.33 Mil.

Bionano Genomics's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($7.68 Mil) to Dec. 2023 ($7.18 Mil) and declined from Dec. 2023 ($7.18 Mil) to Mar. 2024 ($6.33 Mil).

Bionano Genomics's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($8.93 Mil) to Dec. 2022 ($9.12 Mil) but then declined from Dec. 2022 ($9.12 Mil) to Dec. 2023 ($7.18 Mil).

Bionano Genomics Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bionano Genomics'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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Bionano Genomics Long-Term Capital Lease Obligation Chart

Bionano Genomics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.93

9.12

7.18

Bionano Genomics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															8.66	8.37	7.68	7.18	6.33

Bionano Genomics (NAS:BNGOW) 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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Bionano Genomics (Bionano Genomics) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Bionano Genomics Inc (NAS:BNGOW) » Definitions » Long-Term Capital Lease Obligation

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Address

9540 Towne Centre Drive, Suite 100, San Diego, CA, USA, 92121

Website

https://bionano.com

Bionano Genomics Inc is a life sciences instrumentation company in the genome analysis space. It is engaged in the development and marketing of the Saphyr system, a platform for ultra-sensitive and ultra-specific structural variation detection that enables researchers and clinicians to accelerate the search for new diagnostics and therapeutic targets and to streamline the study of changes in chromosomes. Geographically, it operates in Americas, EMEA and Asia Pacific; majority revenue being generated from Americas.