Quest PharmaTech (TSXV:QPT) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Oct. 2023)

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What is Quest PharmaTech Long-Term Capital Lease Obligation?

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

Quest PharmaTech's annual Long-Term Capital Lease Obligation declined from Jan. 2021 (C$0.01 Mil) to Jan. 2022 (C$0.00 Mil) but then stayed the same from Jan. 2022 (C$0.00 Mil) to Jan. 2023 (C$0.00 Mil).

Quest PharmaTech Long-Term Capital Lease Obligation Historical Data

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

Quest PharmaTech Annual Data

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Jan23

Long-Term Capital Lease Obligation

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0.09

0.01

Quest PharmaTech Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Quest PharmaTech (TSXV:QPT) 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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Quest PharmaTech (TSXV:QPT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Quest PharmaTech Inc (TSXV:QPT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

8123 Roper Road NW, Edmonton, AB, CAN, T6E 6S4

Website

http://www.questpharmatech.com

Quest PharmaTech Inc is a Canadian-based pharmaceutical company developing targeted cancer therapy with its lead product MAb AR9.6, under development for a novel target- truncated O-glycans on MUC16 discovered at the University of Nebraska Medical Center. The company is also developing products utilizing proprietary transdermal delivery technologies with a focus on dermatology and wound healing applications.

Executives

Ragupathy Madiyalakan

Director

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