Verici Dx (LSE:VRCI) Long-Term Capital Lease Obligation : £0.37 Mil (As of Jun. 2023)

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What is Verici Dx Long-Term Capital Lease Obligation?

Verici Dx's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.37 Mil.

Verici Dx's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (£0.00 Mil) to Dec. 2022 (£0.45 Mil) but then declined from Dec. 2022 (£0.45 Mil) to Jun. 2023 (£0.37 Mil).

Verici Dx's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2020 (£0.00 Mil) to Dec. 2021 (£0.00 Mil) but then increased from Dec. 2021 (£0.00 Mil) to Dec. 2022 (£0.45 Mil).

Verici Dx Long-Term Capital Lease Obligation Historical Data

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

Verici Dx Annual Data

Trend

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

0.45

Verici Dx Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	-	-	-	0.45	0.37

Verici Dx (LSE:VRCI) 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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Verici Dx (LSE:VRCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Verici Dx PLC (LSE:VRCI) » Definitions » Long-Term Capital Lease Obligation

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VRCDF:USA

Address

19 Stanwell Road, Avon House, Penarth, Cardiff, GBR, CF64 2EZ

Website

https://www.vericidx.com

Verici Dx PLC is an immuno-diagnostics development company. The company is focused on developing diagnostics technologies which will help understand the outcomes of an organ transplant surgery. There are two products for clinical validation and commercialization: Clarava, which is a pre-transplant prognosis for the risk of early acute rejection; and Tuteva, a post-transplant diagnostic focused upon acute cellular rejection including sub-clinical rejection not being diagnosed through the current standard of care of rising serum creatine levels. The business of the Group comprises a single activity, that of the development of prognostic and diagnostic tests for kidney transplant patients.

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