Nuformix (LSE:NFX) Long-Term Capital Lease Obligation : £0.00 Mil (As of Sep. 2022)

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What is Nuformix Long-Term Capital Lease Obligation?

Nuformix's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was £0.00 Mil.

Nuformix's annual Long-Term Capital Lease Obligation declined from Mar. 2020 (£0.04 Mil) to Mar. 2021 (£0.00 Mil) but then stayed the same from Mar. 2021 (£0.00 Mil) to Mar. 2022 (£0.00 Mil).

Nuformix Long-Term Capital Lease Obligation Historical Data

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

Nuformix Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

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Mar22

Long-Term Capital Lease Obligation

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0.04

Nuformix Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									-	-	-	-	-

Nuformix (LSE:NFX) 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.

Nuformix Long-Term Capital Lease Obligation Related Terms

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Nuformix (LSE:NFX) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Nuformix PLC (LSE:NFX) » Definitions » Long-Term Capital Lease Obligation

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Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.nuformix.com

Nuformix PLC is a pharmaceutical development company. It operates in the field of pharmaceutical development targeting unmet medical needs in fibrosis and oncology via drug repurposing. Its pipeline products include NXP001, NXP002, and NXP004. Geographically, the company operates only in the UK.