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Cinclus Pharma Holding AB (OSTO:CINPHA) Long-Term Capital Lease Obligation : kr0.16 Mil (As of Mar. 2025)


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What is Cinclus Pharma Holding AB Long-Term Capital Lease Obligation?

Cinclus Pharma Holding AB's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was kr0.16 Mil.

Cinclus Pharma Holding AB's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (kr0.22 Mil) to Dec. 2024 (kr0.19 Mil) and declined from Dec. 2024 (kr0.19 Mil) to Mar. 2025 (kr0.16 Mil).

Cinclus Pharma Holding AB's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2022 (kr0.00 Mil) to Dec. 2023 (kr0.00 Mil) but then increased from Dec. 2023 (kr0.00 Mil) to Dec. 2024 (kr0.19 Mil).


Cinclus Pharma Holding AB Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cinclus Pharma Holding AB'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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Cinclus Pharma Holding AB Long-Term Capital Lease Obligation Chart

Cinclus Pharma Holding AB Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Long-Term Capital Lease Obligation
0.61 - - 0.19

Cinclus Pharma Holding AB Quarterly Data
Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - 0.22 0.19 0.16

Cinclus Pharma Holding AB  (OSTO:CINPHA) 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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Cinclus Pharma Holding AB Business Description

Traded in Other Exchanges
Address
Kungsbron 1, Stockholm, SWE, SE-111 22
Cinclus Pharma Holding AB is a clinical stage pharmaceutical company developing a drug for the treatment of erosive gastroesophageal reflux diseases, and a dual therapy treatment with an antibiotic targeting Helicobacter pylori which is a bacteria that occurs in the gastric and duodenal mucosa. The Company's main target population is patients suffering from severe eGERD, where there is a lack of satisfactory treatment options.

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