Alternate Health (Alternate Health) Long-Term Capital Lease Obligation : $0.60 Mil (As of Sep. 2019)

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What is Alternate Health Long-Term Capital Lease Obligation?

Alternate Health's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2019 was $0.60 Mil.

Alternate Health's quarterly Long-Term Capital Lease Obligation declined from Mar. 2019 ($0.71 Mil) to Jun. 2019 ($0.63 Mil) and declined from Jun. 2019 ($0.63 Mil) to Sep. 2019 ($0.60 Mil).

Alternate Health Long-Term Capital Lease Obligation Historical Data

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

Alternate Health Annual Data

Trend

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Long-Term Capital Lease Obligation

Alternate Health Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														-	-	0.71	0.63	0.60

Alternate Health (OTCPK:AHGIF) 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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Alternate Health (Alternate Health) Business Description

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Address

7373 Broadway Street, Suite 307, San Antonio, TX, USA, 78209

Website

https://www.alternatehealth.ca

Alternate Health Corp is a healthcare company. It uses expertise in technology and data analytics to revolutionize patient care and research in the emerging medical cannabis industry. It offers practice management and controlled substance management software, blood analysis and toxicology labs, clinical research, continuing education programs, nutraceutical products, and security and control services to the medical cannabis industry.