Avricore Health (Avricore Health) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

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What is Avricore Health Long-Term Capital Lease Obligation?

Avricore Health's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

Avricore Health Long-Term Capital Lease Obligation Historical Data

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

Avricore Health Annual Data

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Long-Term Capital Lease Obligation

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Avricore Health Quarterly Data
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Avricore Health (OTCPK:AVCRF) 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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Avricore Health (Avricore Health) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Avricore Health Inc (OTCPK:AVCRF) » Definitions » Long-Term Capital Lease Obligation

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8VP1:Germany AVCR:Canada

Address

1120 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.avricorehealth.com

Avricore Health Inc is a Canada based company. The company is involved in the business of health data and point-of-care technologies. The Company has only one segment, being the HealthTab - Point of Care Business in Canada. The Company's revenues are generated from operating leases of the POCT system and sale of testing panels.