MEDD (Medical Imaging) Long-Term Capital Lease Obligation : $0.01 Mil (As of Sep. 2018)

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What is Medical Imaging Long-Term Capital Lease Obligation?

Medical Imaging's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2018 was $0.01 Mil.

Medical Imaging's quarterly Long-Term Capital Lease Obligation increased from Mar. 2018 ($0.07 Mil) to Jun. 2018 ($1.05 Mil) but then declined from Jun. 2018 ($1.05 Mil) to Sep. 2018 ($0.01 Mil).

Medical Imaging's annual Long-Term Capital Lease Obligation declined from Dec. 2015 ($0.27 Mil) to Dec. 2016 ($0.20 Mil) and declined from Dec. 2016 ($0.20 Mil) to Dec. 2017 ($0.10 Mil).

Medical Imaging Long-Term Capital Lease Obligation Historical Data

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

Medical Imaging Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Long-Term Capital Lease Obligation

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0.23

0.46

0.27

0.20

0.10

Medical Imaging Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.14	0.10	0.07	1.05	0.01

Medical Imaging (OTCPK:MEDD) 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.

Medical Imaging Long-Term Capital Lease Obligation Related Terms

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Medical Imaging Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Medical Imaging Corp (OTCPK:MEDD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

848 N Rainbow Boulevard, Suite 2494, Las Vegas, NV, USA, 89107

Website

http://www.medimagingcorp.com

Medical Imaging Corp is a United States-based healthcare services company focused on the acquisition of existing full-service imaging clinics. Through its subsidiaries, the firm provides medical diagnostic imaging services. The services provided include magnetic resonance imaging, CT scans, ultrasound, X-ray, and others. The group has operations in the United States and Canada. The organization generates revenue from the medical scans services and teleradiology services, of which medical scans services contributes the maximum to the revenue.

Medical Imaging Headlines

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