SARTF (Sartorius AG) Long-Term Capital Lease Obligation : $148 Mil (As of Sep. 2024)

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What is Sartorius AG Long-Term Capital Lease Obligation?

Sartorius AG's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $148 Mil.

Sartorius AG's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($124 Mil) to Jun. 2024 ($110 Mil) but then increased from Jun. 2024 ($110 Mil) to Sep. 2024 ($148 Mil).

Sartorius AG's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($100 Mil) to Dec. 2022 ($119 Mil) and increased from Dec. 2022 ($119 Mil) to Dec. 2023 ($124 Mil).

Sartorius AG Long-Term Capital Lease Obligation Historical Data

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

Sartorius AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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65.32

79.74

100.45

119.07

124.32

Sartorius AG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	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															126.36	124.32	123.91	109.90	147.84

Sartorius AG (OTCPK:SARTF) 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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Sartorius AG Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sartorius AG (OTCPK:SARTF) » Definitions » Long-Term Capital Lease Obligation

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SOAGY:USA SSSGY:USA SUVPF:USA 1SRT:Italy 1SRT3:Italy SRT3d:UK 0NIR:UK 0NIQ:UK SRT3:Germany SRT3:Bulgaria

Address

Otto-Brenner-Strasse 20, Gottingen, NI, DEU, 37079

Website

https://www.sartorius.com

Sartorius AG is a leading provider of bioprocessing solutions. Its Bioprocess division sells equipment and consumables for upstream and downstream manufacturing of biologic drugs, and has a focus on single-use technology, or SUT. Its Lab Products and Services division offers a wide range of products for lab use, including scales, pipettes, and filtration equipment. As of 2022, the Bioprocess and LPS divisions contributed 80% and 20% of revenue, respectively. Bioprocess is housed in its subsidiary Sartorius Stedim Biotech, of which Sartorius AG has a 74% ownership and 85% voting control. The business is geographically diverse, with revenue across Europe, the Middle East, and Africa (37% of 2022 sales), the Americas (37%), and Asia-Pacific (26%). We estimate China revenue to be around 10%.