Inotiv (STU:BS50) Long-Term Capital Lease Obligation : €34.2 Mil (As of Mar. 2024)

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What is Inotiv Long-Term Capital Lease Obligation?

Inotiv's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €34.2 Mil.

Inotiv's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€27.7 Mil) to Dec. 2023 (€34.9 Mil) but then declined from Dec. 2023 (€34.9 Mil) to Mar. 2024 (€34.2 Mil).

Inotiv's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (€5.6 Mil) to Sep. 2022 (€25.1 Mil) and increased from Sep. 2022 (€25.1 Mil) to Sep. 2023 (€27.7 Mil).

Inotiv Long-Term Capital Lease Obligation Historical Data

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

Inotiv Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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2.88

5.57

25.10

27.75

Inotiv Quarterly Data
	Jun19	Sep19	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															30.57	29.35	27.75	34.91	34.24

Inotiv (STU:BS50) 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.

Inotiv Long-Term Capital Lease Obligation Related Terms

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Inotiv (STU:BS50) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Inotiv Inc (STU:BS50) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

NOTV:USA

Address

2701 Kent Avenue, West Lafayette, IN, USA, 47906

Website

https://www.inotivco.com

Inotiv Inc is a pharmaceutical development company specializing in nonclinical and analytical drug discovery and development services to the pharmaceutical, chemical, and medical device industries. It operates in two segments; Discovery and Safety Assessment (DSA) and Research Models and Services (RMS). Through the DSA segment, it supports the discovery, nonclinical development, and clinical development needs of researchers and clinicians for small molecule drug candidates, as well as biotherapeutics and biomedical devices. Through the RMS segment, it offers access to a wide range of small and large research models for basic research and drug discovery and development, as well as specialized models for specific diseases and therapeutic areas. It earns maximum revenue from RMS Segment.

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