Sequana Medical NV (XBRU:SEQUA) Long-Term Capital Lease Obligation : €0.57 Mil (As of Jun. 2023)

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

Sequana Medical NV's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was €0.57 Mil.

Sequana Medical NV's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (€0.76 Mil) to Dec. 2022 (€0.61 Mil) and declined from Dec. 2022 (€0.61 Mil) to Jun. 2023 (€0.57 Mil).

Sequana Medical NV's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (€0.12 Mil) to Dec. 2021 (€0.48 Mil) and increased from Dec. 2021 (€0.48 Mil) to Dec. 2022 (€0.61 Mil).

Sequana Medical NV Long-Term Capital Lease Obligation Historical Data

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

Sequana Medical NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.31

0.12

0.48

0.61

Sequana Medical NV Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									0.14	0.48	0.76	0.61	0.57

Sequana Medical NV (XBRU:SEQUA) 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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Sequana Medical NV (XBRU:SEQUA) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sequana Medical NV (XBRU:SEQUA) » Definitions » Long-Term Capital Lease Obligation

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2SE:Germany

Address

Kortrijksesteenweg 1112 ,bus 102, Sint-Denijs-Westrem, Ghent, BEL, 9051

Website

https://www.sequanamedical.com

Sequana Medical NV is a commercial-stage medical device company focused on the development of treatment solutions for the management of fluid overload in liver disease, malignant ascites, and heart failure. The company's products include an alfa pump, which provides a treatment solution for the long-term management of liver refractory ascites and malignant ascites with safety, efficacy, and quality of life benefits demonstrated in multiple clinical studies and over 750 implants. The company's geographical segments include Switzerland, Germany, the United Kingdom, and the Rest of the world, out of which Germany accounts for the majority of the revenue.

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