LAVA Therapeutics NV (LAVA Therapeutics NV) Long-Term Capital Lease Obligation : $0.39 Mil (As of Mar. 2024)

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What is LAVA Therapeutics NV Long-Term Capital Lease Obligation?

LAVA Therapeutics NV's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.39 Mil.

LAVA Therapeutics NV's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.67 Mil) to Dec. 2023 ($0.59 Mil) and declined from Dec. 2023 ($0.59 Mil) to Mar. 2024 ($0.39 Mil).

LAVA Therapeutics NV's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.32 Mil) to Dec. 2022 ($0.43 Mil) and increased from Dec. 2022 ($0.43 Mil) to Dec. 2023 ($0.59 Mil).

LAVA Therapeutics NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for LAVA Therapeutics NV'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.

* Premium members only.

LAVA Therapeutics NV Long-Term Capital Lease Obligation Chart

LAVA Therapeutics NV Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.26

0.27

0.32

0.43

0.59

LAVA Therapeutics NV Quarterly Data
	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													1.43	1.32	0.67	0.59	0.39

LAVA Therapeutics NV (NAS:LVTX) 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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LAVA Therapeutics NV (LAVA Therapeutics NV) Business Description

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Traded in Other Exchanges

4PKB:Germany

Address

Yalelaan 62, Utrecht, UT, NLD, 3584 CM

Website

https://www.lavatherapeutics.com

LAVA Therapeutics NV is a biotechnology company. It is focused on transforming cancer treatment by developing a platform of novel bispecific antibodies designed to selectively induce gamma-delta T cell-mediated immunity against tumor cells.