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SMTK (SmartKem) Long-Term Capital Lease Obligation : $0.03 Mil (As of Sep. 2024)


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What is SmartKem Long-Term Capital Lease Obligation?

SmartKem's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.03 Mil.

SmartKem's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 ($0.00 Mil) to Jun. 2024 ($0.02 Mil) and increased from Jun. 2024 ($0.02 Mil) to Sep. 2024 ($0.03 Mil).

SmartKem's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.03 Mil) to Dec. 2022 ($0.24 Mil) but then declined from Dec. 2022 ($0.24 Mil) to Dec. 2023 ($0.02 Mil).

SmartKem Long-Term Capital Lease Obligation Historical Data

The historical data trend for SmartKem'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.

* Premium members only.

SmartKem Long-Term Capital Lease Obligation Chart

SmartKem Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
0.02 0.03 0.24 0.02

SmartKem Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.08 0.02 - 0.02 0.03

SmartKem  (NAS:SMTK) 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.

SmartKem Long-Term Capital Lease Obligation Related Terms

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SmartKem Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SmartKem Inc (NAS:SMTK) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
Delaunays Road, Manchester Technology Center, Hexagon Tower, Blackley, Manchester, GBR, M9 8GQ
Website
https://www.smartkem.com
SmartKem Inc focuses on the design, development, industrialization, and technology transfer of low-temperature, solution-deposited organic semiconductors for transistor backplanes. The company's semiconductor platform can be used in a number of applications including mini-LED displays, AMOLED displays, fingerprint sensors, and logic circuits. The company derives revenue from the sale of TRUFLEX inks and demonstration products.
Executives
Sriram Krishnamurthy Peruvemba director 12251 TOLUCA DRIVE, SAN RAMON CA 94583
Nigel Prue officer: Chief Accounting Officer C/O SMARTKEM, INC., HEXAGON TOWER, DELAUNAYS ROAD, BLACKLEY, MANCHESTER X0 M9 8GQ
Steven Denbaars director 9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Simon P. King director C/O SMARTKEM, INC., HEXAGON TOWER, DELAUNAYS ROAD, BLACKLEY, MANCHESTER X0 M9 8GQ
Barbra Keck director C/O DELCATH SYSTEMS, INC., 600 FIFTH AVENUE, NEW YORK NY 10020
Robert Bahns director, officer: Chief Financial Officer C/O SMARTKEM, INC., HEXAGON TOWER, DELAUNAYS ROAD, BLACKLEY, MANCHESTER X0 M9 8GQ
Boer Klaas De director C/O SMARTKEM, INC., HEXAGON TOWER, DELAUNAYS ROAD, BLACKLEY, MANCHESTER X0 M9 8GQ
Ian Jenks director, officer: Chairman & CEO C/O SMARTKEM, INC., HEXAGON TOWER, DELAUNAYS ROAD, BLACKLEY, MANCHESTER X0 M9 8GQ
Simon Ogier officer: Chief Technology Officer C/O SMARTKEM, INC., HEXAGON TOWER, DELAUNAYS ROAD, BLACKLEY, MANCHESTER X0 M9 8GQ
Beverley Brown officer: Chief Scientist C/O SMARTKEM, INC., HEXAGON TOWER, DELAUNAYS ROAD, BLACKLEY, MANCHESTER X0 M9 8GQ
Mark N. Tompkins other: Former Director and 10% Owner APP. 1, VIA GUIDINO 23, LUGANO-PARADISO V8 6900
Entrepreneurs Fund Lp 10 percent owner 2ND FLOOR, WINDWARD HOUSE, LA ROUTE DE LA LIBERATION, ST. HELIER Y9 JE2 3BQ
Entrepreneurs Fund General Partner Ltd 10 percent owner 2ND FLOOR WINWARD HOUSE, LA ROUTE DE LA LIBERATION, ST. HELIER Y9 JE2 3BQ
Ian Seth Jacobs other: Former Officer and Director 2255 GLADES RD., SUITE 324A, BOCA RATON FL 33431
Octopus Titan Vct Plc 10 percent owner 33 HOBORN, LONDON X0 EC1N 2HT