TripSitter Clinic (TripSitter Clinic) Long-Term Capital Lease Obligation : $0.00 Mil (As of Oct. 2023)

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What is TripSitter Clinic Long-Term Capital Lease Obligation?

TripSitter Clinic's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil.

TripSitter Clinic Long-Term Capital Lease Obligation Historical Data

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

TripSitter Clinic Annual Data

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Long-Term Capital Lease Obligation

TripSitter Clinic Quarterly Data
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TripSitter Clinic (OTCPK:TSTTF) 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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TripSitter Clinic (TripSitter Clinic) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » TripSitter Clinic Ltd (OTCPK:TSTTF) » Definitions » Long-Term Capital Lease Obligation

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UY00:Germany KETA:Canada

Address

77 King Street West, Suite 700, Toronto, ON, CAN, M5K 1G8

Website

https://www.tripsitter.clinic

TripSitter Clinic Ltd is a consultative virtual clinic and telehealth platform that connects prospective patients to a licensed physician in the United States who can evaluate for a prescribed treatment program of low-dose, oral ketamine medication. Its revenues are generated from the provision of initial consultations and monthly subscriptions to patients seeking mental health treatment that includes legal psychedelic medicine connected with licensed medical practitioners.