Onward Medical NV (XBRU:ONWD) Long-Term Capital Lease Obligation : €1.05 Mil (As of Dec. 2023)

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What is Onward Medical NV Long-Term Capital Lease Obligation?

Onward Medical NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1.05 Mil.

Onward Medical NV's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€1.29 Mil) to Jun. 2023 (€1.09 Mil) and declined from Jun. 2023 (€1.09 Mil) to Dec. 2023 (€1.05 Mil).

Onward Medical NV's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€1.74 Mil) to Dec. 2022 (€1.29 Mil) and declined from Dec. 2022 (€1.29 Mil) to Dec. 2023 (€1.05 Mil).

Onward Medical NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Onward Medical NV'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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Onward Medical NV Long-Term Capital Lease Obligation Chart

Onward Medical NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.20

0.06

1.74

1.29

1.05

Onward Medical NV Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					1.74	1.52	1.29	1.09	1.05

Onward Medical NV (XBRU:ONWD) 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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Onward Medical NV (XBRU:ONWD) Business Description

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ONWRF:USA 63E:Germany

Address

High Tech Campus 32, Noord-Braban, Eindhoven, NH, NLD, NL-5656 AE

Website

https://www.onwd.com

Onward Medical NV is a medical technology company developing and commercializing therapies to enable functional recovery for people with spinal cord injury. It has developed two programmable neurostimulation platforms: an implantable system, ARCIM, and a non-invasive, transcutaneous system, ARCEX. The company has selected the United states and four European markets: Germany, France, the UK and the Netherlands to create a customer base.

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