Sandoz Group AG (Sandoz Group AG) Long-Term Capital Lease Obligation : $255 Mil (As of Dec. 2023)

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What is Sandoz Group AG Long-Term Capital Lease Obligation?

Sandoz Group AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $255 Mil.

Sandoz Group AG's quarterly Long-Term Capital Lease Obligation increased from . 20 ($0 Mil) to Dec. 2022 ($88 Mil) and increased from Dec. 2022 ($88 Mil) to Dec. 2023 ($255 Mil).

Sandoz Group AG's annual Long-Term Capital Lease Obligation increased from . 20 ($0 Mil) to Dec. 2022 ($88 Mil) and increased from Dec. 2022 ($88 Mil) to Dec. 2023 ($255 Mil).

Sandoz Group AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sandoz Group 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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Sandoz Group AG Long-Term Capital Lease Obligation Chart

Sandoz Group AG Annual Data

Trend

Dec22

Dec23

Long-Term Capital Lease Obligation

88.00

255.00

Sandoz Group AG Quarterly Data
	Dec22	Dec23
Long-Term Capital Lease Obligation	88.00	255.00

Sandoz Group AG (OTCPK:SDZNY) 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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Sandoz Group AG (Sandoz Group AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Sandoz Group AG (OTCPK:SDZNY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SDZXF:USA SDZz:UK D8Y0:Germany SDZ:Switzerland

Address

Forum 1, Novartis Campus, Basel, CHE, CH-4056

Website

https://www.sandoz.com

Sandoz is one of the largest generic pharmaceutical manufacturers in the world, generating over $9 billion annually from off-patent drugs. Once part of Novartis, Sandoz spun off and went public in October 2023. Generics, including small molecules and complex injectables, make up roughly 75% of Sandoz's total sales, and the firm has a significant presence in Europe, the United States, and other key international markets. Sandoz generates its remaining sales from biosimilars and is among leaders in the space. Sandoz launched Europe's first biosimilar, Omnitrope, in 2006 as well as U.S.'s first biosimilar, Zarxio, in 2015. It currently has eight commercialized biosimilars in a number of markets and has over 20 assets in pipeline.

Sandoz Group AG (Sandoz Group AG) Headlines

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