Think Research (Think Research) Long-Term Capital Lease Obligation : $5.64 Mil (As of Sep. 2023)

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What is Think Research Long-Term Capital Lease Obligation?

Think Research's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $5.64 Mil.

Think Research's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($6.17 Mil) to Jun. 2023 ($6.05 Mil) and declined from Jun. 2023 ($6.05 Mil) to Sep. 2023 ($5.64 Mil).

Think Research's annual Long-Term Capital Lease Obligation increased from Sep. 2020 ($0.87 Mil) to Dec. 2021 ($7.63 Mil) but then declined from Dec. 2021 ($7.63 Mil) to Dec. 2022 ($6.50 Mil).

Think Research Long-Term Capital Lease Obligation Historical Data

The historical data trend for Think Research'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.

Think Research Long-Term Capital Lease Obligation Chart

Think Research Annual Data

Trend

Sep20

Dec21

Dec22

Long-Term Capital Lease Obligation

0.87

7.63

6.50

Think Research Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								7.03	6.50	6.17	6.05	5.64

Think Research (OTCPK:THKKF) 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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Think Research (Think Research) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Think Research Corp (OTCPK:THKKF) » Definitions » Long-Term Capital Lease Obligation

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THNK:Canada

Address

199 Bay Street, Suite 4000, Toronto, ON, CAN, M5L 1A9

Website

https://www.thinkresearch.com

Think Research Corp and its subsidiaries are a healthcare technology company digitalizing the delivery of knowledge to facilitate better healthcare outcomes. The company gathers, develops, and delivers a knowledge-based Software-as-a-Service solution globally to customers which typically includes enterprise clients, hospitals, health regions, healthcare professionals, and/or governments. Its cloud-based, EMR-agnostic digital tools have empowered clinicians around the world and positively impacted millions of patients across the continuum of care, including primary physician care, acute care hospitals and surgical suites as well as community and senior care.