CRH Medical (CRH Medical) Long-Term Capital Lease Obligation : $0.8 Mil (As of Dec. 2020)

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What is CRH Medical Long-Term Capital Lease Obligation?

CRH Medical's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2020 was $0.8 Mil.

CRH Medical's quarterly Long-Term Capital Lease Obligation increased from Jun. 2020 ($0.0 Mil) to Sep. 2020 ($0.9 Mil) but then declined from Sep. 2020 ($0.9 Mil) to Dec. 2020 ($0.8 Mil).

CRH Medical's annual Long-Term Capital Lease Obligation increased from Dec. 2018 ($0.0 Mil) to Dec. 2019 ($0.1 Mil) and increased from Dec. 2019 ($0.1 Mil) to Dec. 2020 ($0.8 Mil).

CRH Medical Long-Term Capital Lease Obligation Historical Data

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

CRH Medical Annual Data

Trend

Dec11

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Dec20

Long-Term Capital Lease Obligation

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0.05

0.83

CRH Medical Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.05	0.04	0.04	0.87	0.83

CRH Medical (AMEX:CRHM) 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.

CRH Medical Long-Term Capital Lease Obligation Related Terms

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CRH Medical (CRH Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » CRH Medical Corp (AMEX:CRHM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

999 Canada Place, Suite 578, World Trade Center, Vancouver, BC, CAN, V6C 3E1

Website

https://www.crhsystem.com

CRH Medical Corp is a healthcare products and services company. The company, through its subsidiaries, provides anesthesiology services to gastroenterologists in the United States. It also specializes in the treatment of hemorrhoids utilizing its treatment protocol and patented proprietary technology. The company's product, the CRH O'Regan System, is a single-use, disposable, hemorrhoid treatment. It distributes the CRH O'Regan System, treatment protocols, operational and marketing services directly to gastroenterologists. Geographically, the company operates in the United States and Canada, of which key revenue is derived from the United States.

Executives

Richard Bear	officer: Chief Financial Officer	9062 NE 37TH PLACE, BELLEVUE WA 98004
Ian Webb	director	7385 LABURNUM ST VANCOUVER A1 V6P 5N2
James Kreger	officer: President	2580 ACORN AVE NE ATLANTA GA 30305
Tushar M Ramani	director, officer: Chief Executive Officer	118 TALAVERA PLACE PALM BEACH GARDENS FL 33418
Brian T Griffin	director
Todd Patrick	director	9029 NE 36TH STREET, BELLEVUE WA 98004
David Allan Johnson	director	7464 NORTH SHORE ROAD NORFOLK VA 23505
Anthony F Holler	director	8855 NORTHBROOK CT BURNABY A1
Edward Wright	officer: Chief Financial Officer	2992 WEST 31ST AVE VANCOUVER A1 V6L 2A4