Wearable Health Solutions (Wearable Health Solutions) Long-Term Capital Lease Obligation : $0.01 Mil (As of Dec. 2023)

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What is Wearable Health Solutions Long-Term Capital Lease Obligation?

Wearable Health Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.01 Mil.

Wearable Health Solutions's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.02 Mil) to Sep. 2023 ($0.02 Mil) and declined from Sep. 2023 ($0.02 Mil) to Dec. 2023 ($0.01 Mil).

Wearable Health Solutions's annual Long-Term Capital Lease Obligation stayed the same from Jun. 2021 ($0.00 Mil) to Jun. 2022 ($0.00 Mil) but then increased from Jun. 2022 ($0.00 Mil) to Jun. 2023 ($0.02 Mil).

Wearable Health Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wearable Health 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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Wearable Health Solutions Long-Term Capital Lease Obligation Chart

Wearable Health Solutions Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.02

Wearable Health Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.03	0.02	0.02	0.02	0.01

Wearable Health Solutions (OTCPK:WHSI) 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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Wearable Health Solutions (Wearable Health Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Wearable Health Solutions Inc (OTCPK:WHSI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2901 Pacific Coast Highway, Suite 200, Newport Beach, CA, USA, 92663

Website

https://www.wearablehealthsolutions.com

Wearable Health Solutions Inc is engaged in manufacturing medical alarm devices which are used to summon help in the event of an emergency. The company provides mobile health (mHealth) products and services to be used by customers in case of an emergency. As a provider of personal emergency devices, it provides wearable healthcare products, tracking services, and turn-key solutions that enable its users to be proactive with their health, as well as safe and protected.

Executives

Sandor Capital Master Fund, L.p.

10 percent owner

2828 ROUTH STREET, SUITE 500, DALLAS TX 75201