Danimer Scientific (STU:6CU) Long-Term Capital Lease Obligation : €19.78 Mil (As of Mar. 2024)

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What is Danimer Scientific Long-Term Capital Lease Obligation?

Danimer Scientific's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €19.78 Mil.

Danimer Scientific's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€20.58 Mil) to Dec. 2023 (€20.11 Mil) and declined from Dec. 2023 (€20.11 Mil) to Mar. 2024 (€19.78 Mil).

Danimer Scientific's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€20.08 Mil) to Dec. 2022 (€20.88 Mil) but then declined from Dec. 2022 (€20.88 Mil) to Dec. 2023 (€20.11 Mil).

Danimer Scientific Long-Term Capital Lease Obligation Historical Data

The historical data trend for Danimer Scientific'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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Danimer Scientific Long-Term Capital Lease Obligation Chart

Danimer Scientific Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

15.69

19.87

20.08

20.88

20.11

Danimer Scientific Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													20.58	20.31	20.58	20.11	19.78

Danimer Scientific (STU:6CU) 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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Danimer Scientific (STU:6CU) Business Description

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DNMR:USA 6CU:Germany

Address

140 Industrial Boulevard, Bainbridge, GA, USA, 39817

Website

https://www.danimerscientific.com

Danimer Scientific Inc creates more sustainable, more natural ways to make plastic products sold under the proprietary Nodax brand name. The company's renewable and sustainable biopolymers have helped create plastic products that are 100% biodegradable and compostable. Danimer Scientific's products return to nature instead of polluting lands and waters. Its technology can be found in a vast array of plastic end-use products that people use every day. Applications for its biopolymers include additives, aqueous coatings, fibers, filaments, films, and injection-molded articles, among others. The company holds more than 470 patents and pending patent applications in nearly 20 countries for a range of manufacturing processes and biopolymer formulations.

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