Oncolytics Biotech (Oncolytics Biotech) Long-Term Capital Lease Obligation : $0.22 Mil (As of Dec. 2023)

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What is Oncolytics Biotech Long-Term Capital Lease Obligation?

Oncolytics Biotech's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.22 Mil.

Oncolytics Biotech's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.26 Mil) to Sep. 2023 ($0.24 Mil) and declined from Sep. 2023 ($0.24 Mil) to Dec. 2023 ($0.22 Mil).

Oncolytics Biotech's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.28 Mil) to Dec. 2022 ($0.12 Mil) but then increased from Dec. 2022 ($0.12 Mil) to Dec. 2023 ($0.22 Mil).

Oncolytics Biotech Long-Term Capital Lease Obligation Historical Data

The historical data trend for Oncolytics Biotech'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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Oncolytics Biotech Long-Term Capital Lease Obligation Chart

Oncolytics Biotech Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.13

0.12

0.28

0.12

0.22

Oncolytics Biotech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.12	0.28	0.26	0.24	0.22

Oncolytics Biotech (NAS:ONCY) 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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Oncolytics Biotech (Oncolytics Biotech) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Oncolytics Biotech Inc (NAS:ONCY) » Definitions » Long-Term Capital Lease Obligation

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ONC:Canada

Address

322 11th Avenue S.W, Suite 804, Calgary, AB, CAN, T2R 0C5

Website

https://www.oncolyticsbiotech.com

Oncolytics Biotech Inc is a development-stage biopharmaceutical company. The company is focused on the discovery and development of pharmaceutical products for the treatment of cancers that have not been treated with therapeutics. Its clinical development plan has the approval of its products as quickly as possible and expands its products into commercially valuable new treatment areas as objectives. The primary focus is to advance programs in hormone receptor-positive / human epidermal growth factor 2- negative (HR+/HER2-) metastatic breast cancer and advanced/metastatic pancreatic ductal adenocarcinoma to phase 3 licensure-enabling studies.