OpGen (LTS:0A8L) Long-Term Capital Lease Obligation : $2.83 Mil (As of Sep. 2023)

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What is OpGen Long-Term Capital Lease Obligation?

OpGen's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2.83 Mil.

OpGen's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($3.12 Mil) to Jun. 2023 ($2.99 Mil) and declined from Jun. 2023 ($2.99 Mil) to Sep. 2023 ($2.83 Mil).

OpGen's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($1.54 Mil) to Dec. 2021 ($2.98 Mil) but then declined from Dec. 2021 ($2.98 Mil) to Dec. 2022 ($2.57 Mil).

OpGen Long-Term Capital Lease Obligation Historical Data

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

OpGen Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.44

0.86

1.54

2.98

2.57

OpGen Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.63	2.57	3.12	2.99	2.83

OpGen (LTS:0A8L) 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.

OpGen Long-Term Capital Lease Obligation Related Terms

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OpGen (LTS:0A8L) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » OpGen Inc (LTS:0A8L) » Definitions » Long-Term Capital Lease Obligation

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OPGN:USA 650:Germany

Address

9717 Key West Avenue, Suite 100, Rockville, MD, USA, 20850

Website

https://www.opgen.com

OpGen Inc is a precision medicine company harnessing the power of molecular diagnostics and informatics to help combat infectious disease. It is developing molecular information products and services for healthcare settings, helping to guide clinicians with rapid and actionable information about life-threatening infections, improve patient outcomes, and decrease the spread of infections caused by MDROs. Its proprietary DNA tests and informatics address the rising threat of antibiotic resistance by helping physicians and other healthcare providers optimize care decisions for patients with acute infections. The company's product candidates and services combine its Acuitas molecular diagnostics and Acuitas Lighthouse informatics platform for use with its curated MDRO knowledge base.

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