Patient Access Solutions (Patient Access Solutions) Long-Term Capital Lease Obligation : $0.69 Mil (As of Jul. 2008)

View and export this data going back to 2007. Start your Free Trial

What is Patient Access Solutions Long-Term Capital Lease Obligation?

Patient Access Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Jul. 2008 was $0.69 Mil.

Patient Access Solutions's quarterly Long-Term Capital Lease Obligation stayed the same from Jan. 2008 ($0.00 Mil) to Apr. 2008 ($0.00 Mil) but then increased from Apr. 2008 ($0.00 Mil) to Jul. 2008 ($0.69 Mil).

Patient Access Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for Patient Access Solutions'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.

* Premium members only.

Patient Access Solutions Long-Term Capital Lease Obligation Chart

Patient Access Solutions Annual Data

Trend

Oct06

Oct07

Oct08

Long-Term Capital Lease Obligation

Patient Access Solutions Quarterly Data
	Jan07	Apr07	Jul07	Oct07	Jan08	Apr08	Jul08
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	-	-	0.69

Patient Access Solutions (OTCPK:PASO) 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.

Patient Access Solutions Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Patient Access Solutions's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Patient Access Solutions (Patient Access Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Patient Access Solutions Inc (OTCPK:PASO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Veterans Highway, Unit 1124, Commack, NY, USA, 11725

Website

http://www.pashealth.com

Patient Access Solutions Inc is a technology solutions provider focused on service within the healthcare community, with a focus of using technology to facilitate their customers' needs. The company develops and markets the PASHealth Web Portal System.

Patient Access Solutions (Patient Access Solutions) Headlines

From GuruFocus

Patient Access Solutions Inc. Issues Statement Regarding OTC Status and Trading Activity

By Marketwired Marketwired • 01-28-2019