Envoy Medical (Envoy Medical) Long-Term Capital Lease Obligation : $0.38 Mil (As of Mar. 2024)

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What is Envoy Medical Long-Term Capital Lease Obligation?

Envoy Medical's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.38 Mil.

Envoy Medical's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.44 Mil) to Dec. 2023 ($0.40 Mil) and declined from Dec. 2023 ($0.40 Mil) to Mar. 2024 ($0.38 Mil).

Envoy Medical's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.57 Mil) but then declined from Dec. 2022 ($0.57 Mil) to Dec. 2023 ($0.40 Mil).

Envoy Medical Long-Term Capital Lease Obligation Historical Data

The historical data trend for Envoy Medical'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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Envoy Medical Long-Term Capital Lease Obligation Chart

Envoy Medical Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.57

0.40

Envoy Medical Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	0.47	0.44	0.40	0.38

Envoy Medical (NAS:COCH) 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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Envoy Medical (Envoy Medical) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Envoy Medical Inc (NAS:COCH) » Definitions » Long-Term Capital Lease Obligation

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Address

4875 White Bear Parkway, White Bear Lake, MN, USA, 55110

Website

https://www.envoymedical.com

Envoy Medical Inc is focused on designing, developing, and marketing fully implantable medical devices that improve hearing. The Company's first commercial product, the Esteem PMA application, is a fully implantable hearing device. The Esteem PMA was cleared in 2010 by the United States Food and Drug Administration. The Company intends to continue to pursue the development of a cochlear implant.