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Nortem Biogroup (XPAR:MLBIO) Long-Term Capital Lease Obligation : €0.00 Mil (As of Dec. 2022)


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What is Nortem Biogroup Long-Term Capital Lease Obligation?

Nortem Biogroup's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was €0.00 Mil.

Nortem Biogroup Long-Term Capital Lease Obligation Historical Data

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

Nortem Biogroup Annual Data
Trend Dec21 Dec22
Long-Term Capital Lease Obligation
- -

Nortem Biogroup Semi-Annual Data
Dec21 Dec22
Long-Term Capital Lease Obligation - -

Nortem Biogroup  (XPAR:MLBIO) 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.

Nortem Biogroup Long-Term Capital Lease Obligation Related Terms

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Nortem Biogroup (XPAR:MLBIO) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nortem Biogroup (XPAR:MLBIO) » Definitions » Long-Term Capital Lease Obligation
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Address
Calle Alexander Humboldt 12B, Polígono Industrial Salinas de Poniente, El Puerto de Santa María, Cadiz, ESP, 11500
Website
https://www.nortembiogroup.com
Nortem Chem SA is engaged in the research, development, innovation and industrialization in the field of biochemistry and biotechnology, as well as the production and sale of products based on biochemical and/or biotechnological processes. It emerged as a biotechnological company in the field of the food and chemical industry, with maximum environmental awareness, concentrating its research and product development efforts on the development of environmentally friendly alternatives from renewable sources and obtaining its own microorganisms (Aspergillus Niger and Yarrowia lipolytica) with outstanding capabilities from adaptation and selection processes, avoiding the use of genetic modification technologies.

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