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

* Premium members only.

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 Jun24
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 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 Business Description

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Address
7683 SE 27th Street, Suite 481, Mercer Island, WA, USA, 98040
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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