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EGF Theramed Health (XCNQ:TMED) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Dec. 2023)


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What is EGF Theramed Health Long-Term Capital Lease Obligation?

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


EGF Theramed Health Long-Term Capital Lease Obligation Historical Data

The historical data trend for EGF Theramed 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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EGF Theramed Health Long-Term Capital Lease Obligation Chart

EGF Theramed Health Annual Data
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Long-Term Capital Lease Obligation
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EGF Theramed Health Quarterly Data
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EGF Theramed Health  (XCNQ:TMED) 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.

EGF Theramed Health Long-Term Capital Lease Obligation Related Terms

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EGF Theramed Health (XCNQ:TMED) Business Description

Traded in Other Exchanges
Address
609 Granville Street, Suite 1600, P.O. Box 10068,, Pacific Centre, Vancouver, BC, CAN, V7Y 1C3
EGF Theramed Health Corp is an early-stage development company. It develops products, technologies, and diagnostic tools focused on personalized medical care including research with natural health and wellness products. The products serve the overall goal of improving health and elevating the human condition. The company explores many other medical areas including weight loss, skincare and heart disease.