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JNHMF (Jack Nathan Medical) Long-Term Capital Lease Obligation : $0.19 Mil (As of Oct. 2023)


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What is Jack Nathan Medical Long-Term Capital Lease Obligation?

Jack Nathan Medical's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.19 Mil.

Jack Nathan Medical's quarterly Long-Term Capital Lease Obligation declined from Apr. 2023 ($0.26 Mil) to Jul. 2023 ($0.23 Mil) and declined from Jul. 2023 ($0.23 Mil) to Oct. 2023 ($0.19 Mil).

Jack Nathan Medical's annual Long-Term Capital Lease Obligation increased from Jan. 2021 ($0.23 Mil) to Jan. 2022 ($0.43 Mil) but then declined from Jan. 2022 ($0.43 Mil) to Jan. 2023 ($0.33 Mil).


Jack Nathan Medical Long-Term Capital Lease Obligation Historical Data

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

Jack Nathan Medical Annual Data
Trend Dec18 Dec19 Jan20 Jan21 Jan22 Jan23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial - 0.25 0.23 0.43 0.33

Jack Nathan Medical Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.38 0.33 0.26 0.23 0.19

Jack Nathan Medical  (OTCPK:JNHMF) 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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Jack Nathan Medical Business Description

Traded in Other Exchanges
N/A
Address
6 - 6150 Highway 7, Suite 491, Jack Nathan Health, Woodbridge, ON, CAN, L4H 0R6
Jack Nathan Medical Corp is a provider of primary care medical clinics located in Walmart Supercentres under the Jack Nathan Health brand. The company designs, builds and sets barrier-free medical clinics for physicians in high-density centers, providing patients with an opportunity to receive immediate access to quality care in modern facilities.

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