LungLife AI (LSE:LLAI) Long-Term Capital Lease Obligation : £0.09 Mil (As of Dec. 2023)

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What is LungLife AI Long-Term Capital Lease Obligation?

LungLife AI's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.09 Mil.

LungLife AI's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£0.28 Mil) to Jun. 2023 (£0.15 Mil) and declined from Jun. 2023 (£0.15 Mil) to Dec. 2023 (£0.09 Mil).

LungLife AI's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£0.45 Mil) to Dec. 2022 (£0.28 Mil) and declined from Dec. 2022 (£0.28 Mil) to Dec. 2023 (£0.09 Mil).

LungLife AI Long-Term Capital Lease Obligation Historical Data

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

LungLife AI Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.26

0.12

0.45

0.28

0.09

LungLife AI Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					0.45	0.39	0.28	0.15	0.09

LungLife AI (LSE:LLAI) 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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LungLife AI (LSE:LLAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » LungLife AI Inc (LSE:LLAI) » Definitions » Long-Term Capital Lease Obligation

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Address

2545 W. Hillcrest Drive, Suite 140, Thousand Oaks, CA, USA, 91320

Website

https://www.lunglifeai.com

LungLife AI Inc is a diagnostic company focused on the early detection of lung cancer from a simple blood draw enhanced by artificial intelligence. Its LungLB Test is a blood-based tool developed to provide clinicians the information needed to make informed decisions about the management of lung nodules and lung cancer.

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