Opsens (TSX:OPS) Long-Term Capital Lease Obligation : C$6.90 Mil (As of Aug. 2023)

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What is Opsens Long-Term Capital Lease Obligation?

Opsens's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was C$6.90 Mil.

Opsens's quarterly Long-Term Capital Lease Obligation declined from Feb. 2023 (C$8.34 Mil) to May. 2023 (C$7.68 Mil) and declined from May. 2023 (C$7.68 Mil) to Aug. 2023 (C$6.90 Mil).

Opsens's annual Long-Term Capital Lease Obligation increased from Aug. 2021 (C$4.19 Mil) to Aug. 2022 (C$5.01 Mil) and increased from Aug. 2022 (C$5.01 Mil) to Aug. 2023 (C$6.90 Mil).

Opsens Long-Term Capital Lease Obligation Historical Data

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

Opsens Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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4.30

4.19

5.01

6.90

Opsens Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5.01	8.04	8.34	7.68	6.90

Opsens (TSX:OPS) 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.

Opsens Long-Term Capital Lease Obligation Related Terms

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Opsens (TSX:OPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Opsens Inc (TSX:OPS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

750, Boulevard du Parc-Technologique, Quebec, QC, CAN, G1P 4S3

Website

https://www.opsens.com

OpSens Inc. is engaged in physiological measurements such as Fractional Flow Reserve (FFR) and Diastolic Pressure Ratio (dPR) in the coronary artery disease market and in transcatheter aortic valve replacement (TAVR) in the structural heart market. It operates in two segments that are Medical and Industrial. In Medical segment it supplies an optical-based pressure guidewire (OptoWire), a guidewire used in the TAVR procedure (SavvyWire) and a wide range of miniature optical sensors to measure pressure and temperature to be used in a wide range of applications that can be integrated into other medical devices. Industrial segment includes developing, manufacturing and installing fibre optic sensing solutions for industrial applications. Majority of its revenue is derived from Medical segment.

Executives

Alan Milinazzo	Director
Robin Villeneuve	Senior Officer
Fiera Capital Corporation (formerly Fiera Sceptre Inc.)	10% Security Holder

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