Omnia Wellness (Omnia Wellness) Long-Term Capital Lease Obligation : $0.03 Mil (As of Sep. 2022)

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What is Omnia Wellness Long-Term Capital Lease Obligation?

Omnia Wellness's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.03 Mil.

Omnia Wellness's quarterly Long-Term Capital Lease Obligation declined from Mar. 2022 ($0.08 Mil) to Jun. 2022 ($0.06 Mil) and declined from Jun. 2022 ($0.06 Mil) to Sep. 2022 ($0.03 Mil).

Omnia Wellness's annual Long-Term Capital Lease Obligation stayed the same from Mar. 2020 ($0.00 Mil) to Mar. 2021 ($0.00 Mil) but then increased from Mar. 2021 ($0.00 Mil) to Mar. 2022 ($0.08 Mil).

Omnia Wellness Long-Term Capital Lease Obligation Historical Data

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

Omnia Wellness Annual Data

Trend

Mar16

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Mar22

Long-Term Capital Lease Obligation

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0.08

Omnia Wellness Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	0.08	0.06	0.03

Omnia Wellness (OTCPK:OMWS) 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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Omnia Wellness (Omnia Wellness) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Omnia Wellness Inc (OTCPK:OMWS) » Definitions » Long-Term Capital Lease Obligation

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Address

999 18th Street, Suite 3000, Denver, CO, USA, 80202

Website

https://www.omniawellness.com

Omnia Wellness Inc Endo-Kinetic treatment provides a dynamic and effective full-body treatment to help soothe the body from pain, stress and exercise. Through SolaJet, AquaVive, SolaPro and Bodystop brands, the company is delivering wellness and value to users and professionals across the United States. Its flagship proprietary SolaJet Dry-Hydrotherapy System produces deep tissue penetration combined with therapeutic heat and sequential compression that combines three therapies in one to deliver the feeling of an hour-long traditional massage in as little as 15 minutes at an affordable price point for the user.