PRE (Prenetics Global) Long-Term Capital Lease Obligation : $3.64 Mil (As of Sep. 2024)

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What is Prenetics Global Long-Term Capital Lease Obligation?

Prenetics Global's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $3.64 Mil.

Prenetics Global's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 ($0.67 Mil) to Jun. 2024 ($1.18 Mil) and increased from Jun. 2024 ($1.18 Mil) to Sep. 2024 ($3.64 Mil).

Prenetics Global's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($3.60 Mil) to Dec. 2022 ($3.76 Mil) but then declined from Dec. 2022 ($3.76 Mil) to Dec. 2023 ($0.87 Mil).

Prenetics Global Long-Term Capital Lease Obligation Historical Data

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

Prenetics Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.81

3.60

3.76

0.87

Prenetics Global Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												3.06	0.87	0.67	1.18	3.64

Prenetics Global (NAS:PRE) 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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Prenetics Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Prenetics Global Ltd (NAS:PRE) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Unit 703-706, K11 Atelier King’s Road, 728 King’s Road, Quarry Bay, Hong Kong, HKG

Website

https://www.prenetics.com

Prenetics Global Ltd is a health sciences company dedicated to consumer and clinical health. Its consumer initiative is led by IM8, a new health and wellness brand, and Europa, a U.S. sports distribution company. The clinical division is led by Insighta, focused on multi-cancer early detection technologies. This is followed by ACT Genomics, which has achieved FDA clearance for genomic profiling of solid tumors, and CircleDNA, which uses NGS to offer DNA tests. Each Prenetics unit impacts health by 'enhancing life through science'.