Genscript Biotech (FRA:G51) Long-Term Capital Lease Obligation : €90.7 Mil (As of Jun. 2024)

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What is Genscript Biotech Long-Term Capital Lease Obligation?

Genscript Biotech's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was €90.7 Mil.

Genscript Biotech's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€60.6 Mil) to Dec. 2023 (€58.6 Mil) but then increased from Dec. 2023 (€58.6 Mil) to Jun. 2024 (€90.7 Mil).

Genscript Biotech's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€24.2 Mil) to Dec. 2022 (€41.5 Mil) and increased from Dec. 2022 (€41.5 Mil) to Dec. 2023 (€58.6 Mil).

Genscript Biotech Long-Term Capital Lease Obligation Historical Data

The historical data trend for Genscript Biotech'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.

* Premium members only.

Genscript Biotech Long-Term Capital Lease Obligation Chart

Genscript Biotech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.25

5.35

24.20

41.54

58.60

Genscript Biotech Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															24.25	41.54	60.56	58.60	90.67

Genscript Biotech (FRA:G51) 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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Genscript Biotech Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Genscript Biotech Corp (FRA:G51) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

GNNSF:USA 01548:Hong Kong G51:Germany

Address

No. 28, Yongxi Road, Jiangning Science Park, Jiangsu Province, Nanjing, CHN, 211100

Website

https://www.genscript.com

Genscript Biotech Corp is a China-based provider of life science research services and products. it is known for its gene synthesis capabilities, a widely used service by academics, biotech companies, and pharmaceutical companies around the world. Its business lines include life science research services and products, biologics development services under its ProBio brand, and industrial enzymes under its Bestzyme brand. Finally, The company estimates that over two-thirds of GenScript valuation is from its ownership stake in Legend.

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