TECX (Tectonic Therapeutic) Long-Term Capital Lease Obligation : $0.28 Mil (As of Mar. 2025)

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What is Tectonic Therapeutic Long-Term Capital Lease Obligation?

Tectonic Therapeutic's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was $0.28 Mil.

Tectonic Therapeutic's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 ($1.04 Mil) to Dec. 2024 ($0.52 Mil) and declined from Dec. 2024 ($0.52 Mil) to Mar. 2025 ($0.28 Mil).

Tectonic Therapeutic's annual Long-Term Capital Lease Obligation declined from Dec. 2022 ($4.34 Mil) to Dec. 2023 ($2.52 Mil) and declined from Dec. 2023 ($2.52 Mil) to Dec. 2024 ($0.52 Mil).

Tectonic Therapeutic Long-Term Capital Lease Obligation Historical Data

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

Tectonic Therapeutic Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

0.70

4.34

2.52

0.52

Tectonic Therapeutic Quarterly Data
	Dec21	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					-	1.54	1.04	0.52	0.28

Tectonic Therapeutic (NAS:TECX) 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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Tectonic Therapeutic Business Description

Industry

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Traded in Other Exchanges

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Address

490 Arsenal Way, Suite 210, Watertown, MA, USA, 02472

Website

https://www.tectonictx.com

Tectonic Therapeutic Inc is a biotechnology company focused on the discovery and development of therapeutic proteins and antibodies that modulate the activity of GPCRs. Its technology platform called GEODe, Tectonic is focused on developing biologic medicines that overcome the existing challenges of GPCR-targeted drug discovery to modify the course of disease. Company focus on areas of important unmet medical need, often where therapeutic options are poor or nonexistent, and where new medicines have the potential to improve patient quality of life or extend duration of life. Pipeline includes TX000045, Group 2 PH, TX2100: GPCR Antagonist for Hereditary Hemorrhagic Telangiectasia (HHT), Fibrosis.