Aadi Bioscience (FRA:3350) Long-Term Capital Lease Obligation : €0.68 Mil (As of Mar. 2024)

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What is Aadi Bioscience Long-Term Capital Lease Obligation?

Aadi Bioscience's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.68 Mil.

Aadi Bioscience's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€0.89 Mil) to Dec. 2023 (€0.76 Mil) and declined from Dec. 2023 (€0.76 Mil) to Mar. 2024 (€0.68 Mil).

Aadi Bioscience's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€0.42 Mil) to Dec. 2022 (€1.20 Mil) but then declined from Dec. 2022 (€1.20 Mil) to Dec. 2023 (€0.76 Mil).

Aadi Bioscience Long-Term Capital Lease Obligation Historical Data

The historical data trend for Aadi Bioscience'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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Aadi Bioscience Long-Term Capital Lease Obligation Chart

Aadi Bioscience Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.42

1.20

0.76

Aadi Bioscience Quarterly Data
	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										1.09	0.98	0.89	0.76	0.68

Aadi Bioscience (FRA:3350) 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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Aadi Bioscience (FRA:3350) Business Description

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AADI:USA 3350:Germany

Address

17383 Sunset Boulevard, Suite A250, Pacific Palisades, CA, USA, 90272

Website

https://www.aadibio.com

Aadi Bioscience Inc is a clinical-stage biopharmaceutical company developing precision therapies for genetically-defined cancers. Aadi's primary goal is to bring transformational therapies to cancer patients with mTOR pathway driver alterations such as alterations in TSC1 or TSC2 genes, where other mTOR inhibitors have not or cannot be effectively exploited due to problems of pharmacology, effective drug delivery, safety, or effective targeting to the disease site. It has one operating segment, which is the business of developing and commercializing proprietary therapeutic. Geographically, it is located in the United States.

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