Vivani Medical (FRA:U5P) Long-Term Capital Lease Obligation : €17.43 Mil (As of Mar. 2024)

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What is Vivani Medical Long-Term Capital Lease Obligation?

Vivani Medical's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €17.43 Mil.

Vivani Medical's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€18.44 Mil) to Dec. 2023 (€17.71 Mil) and declined from Dec. 2023 (€17.71 Mil) to Mar. 2024 (€17.43 Mil).

Vivani Medical's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€0.80 Mil) to Dec. 2022 (€0.00 Mil) but then increased from Dec. 2022 (€0.00 Mil) to Dec. 2023 (€17.71 Mil).

Vivani Medical Long-Term Capital Lease Obligation Historical Data

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

Vivani Medical Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.89

0.80

17.71

Vivani Medical Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								0.33	18.58	18.44	17.71	17.43

Vivani Medical (FRA:U5P) 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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Vivani Medical (FRA:U5P) Business Description

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VANI:USA

Address

5858 Horton Street, Suite 280, Emeryville, CA, USA, 94608

Website

https://www.vivani.com

Vivani Medical Inc is a preclinical stage biopharmaceutical company. It develops miniaturized, subdermal implants utilizing its proprietary NanoPortal technology to enable long-term, near constant-rate delivery of a broad range of medicines to treat chronic diseases.

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