Oventus Medical (ASX:OVN) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2021)

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What is Oventus Medical Long-Term Capital Lease Obligation?

Oventus Medical's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2021 was A$0.00 Mil.

Oventus Medical's quarterly Long-Term Capital Lease Obligation increased from Dec. 2020 (A$0.00 Mil) to Jun. 2021 (A$0.32 Mil) but then declined from Jun. 2021 (A$0.32 Mil) to Dec. 2021 (A$0.00 Mil).

Oventus Medical's annual Long-Term Capital Lease Obligation stayed the same from Jun. 2019 (A$0.00 Mil) to Jun. 2020 (A$0.00 Mil) but then increased from Jun. 2020 (A$0.00 Mil) to Jun. 2021 (A$0.32 Mil).

Oventus Medical Long-Term Capital Lease Obligation Historical Data

The historical data trend for Oventus Medical'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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Oventus Medical Long-Term Capital Lease Obligation Chart

Oventus Medical Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Long-Term Capital Lease Obligation

0.32

Oventus Medical Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						-	-	-	0.32	-

Oventus Medical (ASX:OVN) 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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Oventus Medical (ASX:OVN) Business Description

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Address

1 Swann Road, Suite 1, PO Box 190, Indooroopilly, Brisbane, QLD, AUS, 4068

Website

https://www.o2vent.com

Oventus Medical Ltd is a medical device company. It is engaged in developing an oral appliance for the treatment of sleep apnoea and snoring. Its product includes O2Vent Optima . It offers oral appliance therapy, especially beneficial for the many people that suffer from nasal congestion, obstruction, and mouth breathing. The firm has two operating segments: Australia and North America.

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