Advagene Biopharma Co (ROCO:6709) Long-Term Capital Lease Obligation : NT$5.49 Mil (As of Jun. 2024)

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What is Advagene Biopharma Co Long-Term Capital Lease Obligation?

Advagene Biopharma Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was NT$5.49 Mil.

Advagene Biopharma Co's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (NT$0.00 Mil) to Dec. 2023 (NT$0.00 Mil) but then increased from Dec. 2023 (NT$0.00 Mil) to Jun. 2024 (NT$5.49 Mil).

Advagene Biopharma Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$2.57 Mil) to Dec. 2022 (NT$0.65 Mil) and declined from Dec. 2022 (NT$0.65 Mil) to Dec. 2023 (NT$0.00 Mil).

Advagene Biopharma Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Advagene Biopharma Co'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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Advagene Biopharma Co Long-Term Capital Lease Obligation Chart

Advagene Biopharma Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.40

2.57

0.65

Advagene Biopharma Co Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											1.63	0.65	-	-	5.49

Advagene Biopharma Co (ROCO:6709) 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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Advagene Biopharma Co Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Advagene Biopharma Co Ltd (ROCO:6709) » Definitions » Long-Term Capital Lease Obligation

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Address

Sector 1, Neihu Road, 6 Floor, No.308, Neihu District, Taipei, TWN, 114

Website

http://www.advagene.com.tw

Advagene Biopharma Co Ltd is a Taiwan based immune-modulatory platform-based drug developer. The company has completed technology transfer with DCB for detoxified LT Adjuvant Technology Platform. Its product development includes nasal spray influenza vaccine (LT-Flu), allergy vaccines (LT-Allergy), and other vaccines.

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