Optima Medical Innovations (Optima Medical Innovations) Long-Term Capital Lease Obligation : $0.72 Mil (As of Sep. 2021)

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What is Optima Medical Innovations Long-Term Capital Lease Obligation?

Optima Medical Innovations's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2021 was $0.72 Mil.

Optima Medical Innovations's quarterly Long-Term Capital Lease Obligation declined from Mar. 2021 ($0.78 Mil) to Jun. 2021 ($0.77 Mil) and declined from Jun. 2021 ($0.77 Mil) to Sep. 2021 ($0.72 Mil).

Optima Medical Innovations's annual Long-Term Capital Lease Obligation increased from Mar. 2018 ($0.00 Mil) to Dec. 2019 ($1.45 Mil) but then declined from Dec. 2019 ($1.45 Mil) to Dec. 2020 ($0.79 Mil).

Optima Medical Innovations Long-Term Capital Lease Obligation Historical Data

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

Optima Medical Innovations Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Long-Term Capital Lease Obligation

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1.45

0.79

Optima Medical Innovations Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.77	0.79	0.78	0.77	0.72

Optima Medical Innovations (OTCPK:TOKIF) 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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Optima Medical Innovations (Optima Medical Innovations) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Optima Medical Innovations Corp (OTCPK:TOKIF) » Definitions » Long-Term Capital Lease Obligation

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Address

5460 Yonge Street, Unit 209, Toronto, ON, CAN, M2N 6K7

Website

https://www.tokicorp.com

Optima Medical Innovations Corp delivers pathways to innovative, science-based health and wellness solutions. It focuses on multi-disciplinary pain management. The group is also engaged in the development of solutions, products and treatments for pain relief, wellness and Cancer therapy.