Highmark Interactive (TSXV:HMRK.H) Long-Term Capital Lease Obligation : C$0.26 Mil (As of Sep. 2022)

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What is Highmark Interactive Long-Term Capital Lease Obligation?

Highmark Interactive's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was C$0.26 Mil.

Highmark Interactive's quarterly Long-Term Capital Lease Obligation increased from Mar. 2022 (C$0.43 Mil) to Jun. 2022 (C$0.48 Mil) but then declined from Jun. 2022 (C$0.48 Mil) to Sep. 2022 (C$0.26 Mil).

Highmark Interactive Long-Term Capital Lease Obligation Historical Data

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

Highmark Interactive Annual Data

Trend

Dec20

Dec21

Long-Term Capital Lease Obligation

Highmark Interactive Quarterly Data
	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	0.43	0.48	0.26

Highmark Interactive (TSXV:HMRK.H) 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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Highmark Interactive (TSXV:HMRK.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Highmark Interactive Inc (TSXV:HMRK.H) » Definitions » Long-Term Capital Lease Obligation

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Address

115 George Street, Suite 602, Oakville, NU, CAN, L6J 0A2

Website

https://www.highmark.tech

Highmark Interactive Inc provides a complete solution for brain health through its proprietary digital brain health assessment tools and its growing network of virtual, in-clinic, and hybrid clinics. The company has three reportable segments; Technology, Medical services and Corporate segment.

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