Incannex Healthcare (Incannex Healthcare) Long-Term Capital Lease Obligation : $0.25 Mil (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Incannex Healthcare Long-Term Capital Lease Obligation?

Incannex Healthcare's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.25 Mil.

Incannex Healthcare's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($0.00 Mil) to Dec. 2023 ($0.30 Mil) but then declined from Dec. 2023 ($0.30 Mil) to Mar. 2024 ($0.25 Mil).

Incannex Healthcare's annual Long-Term Capital Lease Obligation stayed the same from Jun. 2021 ($0.00 Mil) to Jun. 2022 ($0.00 Mil) but then increased from Jun. 2022 ($0.00 Mil) to Jun. 2023 ($0.41 Mil).

Incannex Healthcare Long-Term Capital Lease Obligation Historical Data

The historical data trend for Incannex Healthcare'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.

Incannex Healthcare Long-Term Capital Lease Obligation Chart

Incannex Healthcare Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

0.41

Incannex Healthcare 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															-	0.41	-	0.30	0.25

Incannex Healthcare (NAS:IXHL) 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.

Incannex Healthcare Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Incannex Healthcare's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Incannex Healthcare (Incannex Healthcare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Incannex Healthcare Inc (NAS:IXHL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Century Circuit Norwest, Suite 105, Sydney, NSW, AUS, 3000

Website

https://www.incannex.com.au

Incannex Healthcare Inc is a clinical stage pharmaceutical company developing medical cannabis products for the treatment of Obstructive Sleep Apnea (OSA), Traumatic Brain Injury (TBI)/Concussion, Rheumatoid Arthritis, Inflammatory Bowel Disease, and Inflammatory Lung Conditions. The company has an Australian license to import, export, and distribute medicinal cannabis products and has launched a line of cannabinoid products.