MedMira (MedMira) Long-Term Capital Lease Obligation : $1.31 Mil (As of Jan. 2024)

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What is MedMira Long-Term Capital Lease Obligation?

MedMira's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $1.31 Mil.

MedMira's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 ($1.39 Mil) to Oct. 2023 ($1.32 Mil) and declined from Oct. 2023 ($1.32 Mil) to Jan. 2024 ($1.31 Mil).

MedMira's annual Long-Term Capital Lease Obligation declined from Jul. 2021 ($1.72 Mil) to Jul. 2022 ($1.55 Mil) and declined from Jul. 2022 ($1.55 Mil) to Jul. 2023 ($1.39 Mil).

MedMira Long-Term Capital Lease Obligation Historical Data

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

MedMira Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Long-Term Capital Lease Obligation

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1.71

1.72

1.55

1.39

MedMira Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.44	1.40	1.39	1.32	1.31

MedMira (OTCPK:MMIRF) 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.

MedMira Long-Term Capital Lease Obligation Related Terms

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MedMira (MedMira) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » MedMira Inc (OTCPK:MMIRF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

47M:Germany MIR:Canada

Address

155 Chain Lake Drive, Suite 1, Halifax, NS, CAN, B3S 1B3

Website

https://www.medmira.com

MedMira Inc is a biotechnology company that is engaged in the business of research, development, and manufacturing of rapid diagnostics and technologies. The company has one reportable operating segment, rapid diagnostic products and services. The product line of the company includes RevealHIV which detects antibodies to HIV-1 and HIV-2 in whole blood, serum or plasma; H Pylori which detects antibodies in serum, plasma, and whole blood; syphilis which detects treponema pallidum antibodies in serum, plasma, and whole blood; among other products. The company generates revenue geographically from North America, Europe, Asia pacific. The majority of the revenue is generated from North America.