Certive Solutions (Certive Solutions) Long-Term Capital Lease Obligation : $0.00 Mil (As of Feb. 2024)

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What is Certive Solutions Long-Term Capital Lease Obligation?

Certive Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.00 Mil.

Certive Solutions Long-Term Capital Lease Obligation Historical Data

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

Certive Solutions Annual Data

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Long-Term Capital Lease Obligation

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Certive Solutions Quarterly Data
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Certive Solutions (OTCPK:CTVEF) 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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Certive Solutions (Certive Solutions) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Certive Solutions Inc (OTCPK:CTVEF) » Definitions » Long-Term Capital Lease Obligation

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CBP:Canada

Address

8149 North 87th Place, Scottsdale, AZ, USA, 85258

Website

https://www.certivehealth.com

Certive Solutions Inc is a service provider in the Revenue Cycle Management (RCM) segment of the United States healthcare industry. The company provides claims audit and recovery solutions. Along with its subsidiaries, the Titan and Omega divisions provide retrospective claim audits against payer contracts, identify underpayments, and rebill and collect revenues for hospital customers. Its lines of business include billing support, claim audit and recovery, consulting services and chargemaster/lost charge recovery. The Company currently provides services to hospital clients enhancing the efficiency and effectiveness of lost charge recovery services, in revenue-sharing relationships that improve hospital clients' net operating results.

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