Reliq Health Technologies (Reliq Health Technologies) Long-Term Capital Lease Obligation : $0.08 Mil (As of Sep. 2022)

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What is Reliq Health Technologies Long-Term Capital Lease Obligation?

Reliq Health Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.08 Mil.

Reliq Health Technologies's quarterly Long-Term Capital Lease Obligation declined from Mar. 2022 ($0.13 Mil) to Jun. 2022 ($0.11 Mil) and declined from Jun. 2022 ($0.11 Mil) to Sep. 2022 ($0.08 Mil).

Reliq Health Technologies's annual Long-Term Capital Lease Obligation declined from Jun. 2020 ($0.18 Mil) to Jun. 2021 ($0.15 Mil) and declined from Jun. 2021 ($0.15 Mil) to Jun. 2022 ($0.11 Mil).

Reliq Health Technologies Long-Term Capital Lease Obligation Historical Data

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

Reliq Health Technologies Annual Data

Trend

Dec13

Dec14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Long-Term Capital Lease Obligation

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0.18

0.15

0.11

Reliq Health Technologies Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.17	0.15	0.13	0.11	0.08

Reliq Health Technologies (OTCPK:RQHTF) 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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Reliq Health Technologies (Reliq Health Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Reliq Health Technologies Inc (OTCPK:RQHTF) » Definitions » Long-Term Capital Lease Obligation

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Address

175 Longwood Rd S., Suite 406A, Hamilton, ON, CAN, L8P 0A1

Website

https://www.reliqhealth.com

Reliq Health Technologies Inc specializes in developing Software-as-a-Service (SaaS) solutions for remote patient monitoring, telemedicine, and care collaboration. Reliq's IUGO health technology platform is a hardware and software solution that allows complex patients to receive high-quality care in the home, improving health outcomes, enhancing the quality of life for patients and families and reducing the cost of care delivery. The firm earns through the supply of mobile device management (MDM) solutions for mobile devices and subscriptions of the iUGO CARE platform to healthcare client. The firm is based in Canada.