ProKidney (MEX:PROK) Long-Term Capital Lease Obligation : MXN80.64 Mil (As of Mar. 2024)

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What is ProKidney Long-Term Capital Lease Obligation?

ProKidney's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was MXN80.64 Mil.

ProKidney's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (MXN36.74 Mil) to Dec. 2023 (MXN61.28 Mil) and increased from Dec. 2023 (MXN61.28 Mil) to Mar. 2024 (MXN80.64 Mil).

ProKidney's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (MXN21.89 Mil) to Dec. 2022 (MXN37.16 Mil) and increased from Dec. 2022 (MXN37.16 Mil) to Dec. 2023 (MXN61.28 Mil).

ProKidney Long-Term Capital Lease Obligation Historical Data

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

ProKidney Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

26.54

21.89

37.16

61.28

ProKidney Quarterly Data
	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									44.49	39.19	36.74	61.28	80.64

ProKidney (MEX:PROK) 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.

ProKidney Long-Term Capital Lease Obligation Related Terms

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ProKidney (MEX:PROK) Business Description

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PROK:USA

Address

2000 Frontis Plaza Boulevard, Suite 250, Winston-Salem, NC, USA, 27103

Website

https://www.prokidney.com

ProKidney Corp is a clinical-stage biotechnology company with a transformative proprietary cell therapy platform capable of treating multiple chronic kidney diseases using a patient's own cells isolated from the patient intended for treatment. Its lead product candidate, REACT (Renal Autologous Cell Therapy) is a disease-modifying cell therapy made from a patient's own renal cells. REACT has the potential to slow and stabilize the progression of chronic kidney disease.