NVS (Novartis AG) Long-Term Capital Lease Obligation : $1,596 Mil (As of Sep. 2024)

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What is Novartis AG Long-Term Capital Lease Obligation?

Novartis AG's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1,596 Mil.

Novartis AG's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 ($1,529 Mil) to Jun. 2024 ($1,560 Mil) and increased from Jun. 2024 ($1,560 Mil) to Sep. 2024 ($1,596 Mil).

Novartis AG's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1,621 Mil) to Dec. 2022 ($1,538 Mil) but then increased from Dec. 2022 ($1,538 Mil) to Dec. 2023 ($1,598 Mil).

Novartis AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Novartis 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.

* Premium members only.

Novartis AG Long-Term Capital Lease Obligation Chart

Novartis AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,703.00

1,719.00

1,621.00

1,538.00

1,598.00

Novartis AG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,453.00	1,598.00	1,529.00	1,560.00	1,596.00

Novartis AG (NYSE:NVS) 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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Novartis AG Business Description

Industry

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Traded in Other Exchanges

NVSEF:USA NVS N:Mexico NOVNz:UK 0K9E:UK 0QLR:UK NOTA:Germany NOTA:Germany NOVNEE:Switzerland NOVN:Switzerland N1VS34:Brazil NVS:Argentina

Address

Lichtstrasse 35, Basel, CHE, 4056

Website

https://www.novartis.com

Novartis develops and manufactures innovative drugs. The firm's key areas of drug development include oncology, rare diseases, neuroscience, immunology, respiratory, cardio-metabolic, and established medicines. The company sells its products globally, with the United States comprising close to one third of total revenue.