Jack Nathan Medical (TSXV:JNH) Long-Term Capital Lease Obligation : C$0.26 Mil (As of Oct. 2023)

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What is Jack Nathan Medical Long-Term Capital Lease Obligation?

Jack Nathan Medical's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was C$0.26 Mil.

Jack Nathan Medical's quarterly Long-Term Capital Lease Obligation declined from Apr. 2023 (C$0.35 Mil) to Jul. 2023 (C$0.30 Mil) and declined from Jul. 2023 (C$0.30 Mil) to Oct. 2023 (C$0.26 Mil).

Jack Nathan Medical's annual Long-Term Capital Lease Obligation increased from Jan. 2021 (C$0.29 Mil) to Jan. 2022 (C$0.54 Mil) but then declined from Jan. 2022 (C$0.54 Mil) to Jan. 2023 (C$0.44 Mil).

Jack Nathan Medical Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jack Nathan Medical'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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Jack Nathan Medical Long-Term Capital Lease Obligation Chart

Jack Nathan Medical Annual Data

Trend

Dec18

Dec19

Jan20

Jan21

Jan22

Jan23

Long-Term Capital Lease Obligation

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0.32

0.29

0.54

0.44

Jack Nathan Medical Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.52	0.44	0.35	0.30	0.26

Jack Nathan Medical (TSXV:JNH) 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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Jack Nathan Medical (TSXV:JNH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Jack Nathan Medical Corp (TSXV:JNH) » Definitions » Long-Term Capital Lease Obligation

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JNHMF:USA

Address

6 - 6150 Highway 7, Suite 491, Jack Nathan Health, Woodbridge, ON, CAN, L4H 0R6

Website

https://www.jacknathanhealth.com

Jack Nathan Medical Corp is a healthcare company that is improving access for millions of patients by co-locating physician and ancillary medical services, conveniently inside Walmart stores. The company generates the majority of its revenues from license fees, which are charged in exchange for the right to use its brand name and the licensed premises. Its geographical segments are Canada, which accounts for the vast majority of revenue; Mexico; and China.

Executives

George Barakat

10% Security Holder, Director

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