Adial Pharmaceuticals (Adial Pharmaceuticals) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)

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What is Adial Pharmaceuticals Long-Term Capital Lease Obligation?

Adial Pharmaceuticals's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.

Adial Pharmaceuticals's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.21 Mil) to Dec. 2022 ($0.15 Mil) and declined from Dec. 2022 ($0.15 Mil) to Dec. 2023 ($0.00 Mil).

Adial Pharmaceuticals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Adial Pharmaceuticals'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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Adial Pharmaceuticals Long-Term Capital Lease Obligation Chart

Adial Pharmaceuticals Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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0.21

0.15

Adial Pharmaceuticals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.14	-	-	-	-

Adial Pharmaceuticals (NAS:ADILW) 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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Adial Pharmaceuticals (Adial Pharmaceuticals) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Adial Pharmaceuticals Inc (NAS:ADILW) » Definitions » Long-Term Capital Lease Obligation

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ADIL:USA

Address

1180 Seminole Trail, Suite 495, Charlottesville, VA, USA, 22901

Website

https://www.adialpharma.com

Adial Pharmaceuticals Inc is a clinical-stage biopharmaceutical company. The company develops prescription medications for addiction and related disorders. Its lead product is AD04, which is for the treatment of alcohol use disorder.