Moderna (LIM:MRNA) Long-Term Capital Lease Obligation : $1,218 Mil (As of Dec. 2023)

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What is Moderna Long-Term Capital Lease Obligation?

Moderna's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,218 Mil.

Moderna's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($947 Mil) to Sep. 2023 ($1,272 Mil) but then declined from Sep. 2023 ($1,272 Mil) to Dec. 2023 ($1,218 Mil).

Moderna's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($705 Mil) to Dec. 2022 ($1,004 Mil) and increased from Dec. 2022 ($1,004 Mil) to Dec. 2023 ($1,218 Mil).

Moderna Long-Term Capital Lease Obligation Historical Data

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

Moderna Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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132.36

207.00

705.00

1,004.00

1,218.00

Moderna Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,004.00	927.00	947.00	1,272.00	1,218.00

Moderna (LIM:MRNA) 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.

Moderna Long-Term Capital Lease Obligation Related Terms

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Moderna (LIM:MRNA) Business Description

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Address

200 Technology Square, Cambridge, MA, USA, 02139

Website

https://www.modernatx.com

Moderna is a commercial-stage biotech that was founded in 2010 and had its initial public offering in December 2018. The firm's mRNA technology was rapidly validated with its COVID-19 vaccine, which was authorized in the United States in December 2020. Moderna had 39 mRNA development candidates in clinical trials as of mid-2023. Programs span a wide range of therapeutic areas, including infectious disease, oncology, cardiovascular disease, and rare genetic diseases.