Kineta (STU:J75) Long-Term Capital Lease Obligation : €0.00 Mil (As of Mar. 2024)

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What is Kineta Long-Term Capital Lease Obligation?

Kineta's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.00 Mil.

Kineta's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€0.05 Mil) to Dec. 2023 (€0.00 Mil) but then stayed the same from Dec. 2023 (€0.00 Mil) to Mar. 2024 (€0.00 Mil).

Kineta's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€1.31 Mil) to Dec. 2022 (€0.60 Mil) and declined from Dec. 2022 (€0.60 Mil) to Dec. 2023 (€0.00 Mil).

Kineta Long-Term Capital Lease Obligation Historical Data

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

Kineta Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.83

1.31

0.60

Kineta Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							0.37	0.13	0.05	-	-

Kineta (STU:J75) 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.

Kineta Long-Term Capital Lease Obligation Related Terms

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Kineta (STU:J75) Business Description

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KA:USA

Address

219 Terry Avenue North, Suite 300, Seattle, WA, USA, 98109

Website

https://www.kinetabio.com

Kineta Inc is a clinical-stage biotechnology company with a mission to develop next generation immunotherapies that transform patients' lives. The company's asset is KVA12.1, a VISTA blocking immunotherapy.

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