Codon AG (CHIX:CNWKD) Long-Term Capital Lease Obligation : €1.62 Mil (As of Jun. 2022)

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What is Codon AG Long-Term Capital Lease Obligation?

Codon AG's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2022 was €1.62 Mil.

Codon AG's quarterly Long-Term Capital Lease Obligation declined from Jun. 2021 (€1.90 Mil) to Dec. 2021 (€1.77 Mil) and declined from Dec. 2021 (€1.77 Mil) to Jun. 2022 (€1.62 Mil).

Codon AG's annual Long-Term Capital Lease Obligation increased from Dec. 2019 (€1.90 Mil) to Dec. 2020 (€2.08 Mil) but then declined from Dec. 2020 (€2.08 Mil) to Dec. 2021 (€1.77 Mil).

Codon AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Codon AG'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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Codon AG Long-Term Capital Lease Obligation Chart

Codon AG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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0.37

2.12

1.90

2.08

1.77

Codon AG Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.70	2.08	1.90	1.77	1.62

Codon AG (CHIX:CNWKd) 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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Codon AG (CHIX:CNWKD) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Codon AG (CHIX:CNWKd) » Definitions » Long-Term Capital Lease Obligation

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Address

Warthestrasse 21, Teltow, DEU, 14513

Website

http://www.codon.de

Codon AG develops, produces and distributes autologous cell therapies for the minimally invasive repair of cartilage defects. The product being marketed is a cell therapy product for the minimally invasive treatment of cartilage damage in the knee joint that uses only the patient's own cartilage cells (autologous chondrocytes). CODON's method is currently used in over 200 clinics in Germany and more than 14,000 patients have already been treated.

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