Hepion Pharmaceuticals (Hepion Pharmaceuticals) Long-Term Capital Lease Obligation : $0.04 Mil (As of Mar. 2024)

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What is Hepion Pharmaceuticals Long-Term Capital Lease Obligation?

Hepion Pharmaceuticals's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.04 Mil.

Hepion Pharmaceuticals's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.13 Mil) to Dec. 2023 ($0.09 Mil) and declined from Dec. 2023 ($0.09 Mil) to Mar. 2024 ($0.04 Mil).

Hepion Pharmaceuticals's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.05 Mil) to Dec. 2022 ($0.00 Mil) but then increased from Dec. 2022 ($0.00 Mil) to Dec. 2023 ($0.09 Mil).

Hepion Pharmaceuticals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hepion Pharmaceuticals'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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Hepion Pharmaceuticals Long-Term Capital Lease Obligation Chart

Hepion Pharmaceuticals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.54

0.30

0.05

0.09

Hepion Pharmaceuticals 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															-	-	0.13	0.09	0.04

Hepion Pharmaceuticals (OTCPK:CTRVW) 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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Hepion Pharmaceuticals (Hepion Pharmaceuticals) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Hepion Pharmaceuticals Inc (OTCPK:CTRVW) » Definitions » Long-Term Capital Lease Obligation

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HEPA:USA

Address

399 Thornall Street, First Floor, Edison, NJ, USA, 08837

Website

https://www.hepionpharma.com

Hepion Pharmaceuticals Inc is a biopharmaceutical company that focuses primarily on the development of drug therapy for the treatment of chronic liver diseases. This therapeutic approach targets fibrosis and hepatocellular carcinoma associated with non-alcoholic steatohepatitis, viral hepatitis, and other liver diseases. Its cyclophilin inhibitor, Rencofilstat, is being developed to offer benefits to address these multiple complex pathologies. Rencofilstat is a pan cyclophilin inhibitor that targets multiple pathologic pathways involved in the progression of liver disease.