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Quipt Home Medical Corp T.QIPT

Alternate Symbol(s):  QIPT

Quipt Home Medical Corp. is a home medical equipment provider. The Company specializes in improving the home management of chronic illness through the application of telehealth systems and automated distribution. It provides in-home monitoring and disease management services, including end-to-end respiratory solutions for patients in the United States. It offers nebulizers, oxygen concentrators, continuous positive airway pressure (CPAP) and Bilevel Positive Airway Pressure (BiPAP) units; traditional and non-traditional medical respiratory equipment and services, and non-invasive ventilation equipment, supplies, and services. The Company's product offerings include the management of several chronic disease states focusing on patients with heart or pulmonary disease, sleep disorders, reduced mobility, and other chronic health conditions. Its products and services consist of sleep apnea and pap treatment, home ventilation, daily and ambulatory aides, and respiratory equipment rental.


TSX:QIPT - Post by User

Comment by lscfaon Dec 22, 2023 10:19am
123 Views
Post# 35797605

RE:RE:RE:Audited annual fins on sedar

RE:RE:RE:Audited annual fins on sedar

wrong.

adapthealth:

The Company accounts for its leases in accordance with FASB Accounting Standards Codification Topic 842, Leases (ASC 842). ASC 842 requires the Company to recognize a lease liability, which represents the discounted obligation to make future minimum lease payments, and a corresponding right-of-use ("ROU") asset on its consolidated balance sheet for most leases, and disclose key information about leasing arrangements. ASC 842 applies to a number of arrangements to which the Company is a party.



Carlito3311 wrote: All of Qipts peers use US Gaap which means rent expense is deducted for purposes of calculating ebitda and cash flow from operations.  In Qipts case, using ifrs, there is no rent expense.  The pv of all leases is capitalized on balance sheet as right of use asset and then depreciated.  The actual lease payments are not in cfo but are lease payments under cash flow from financing section.  Both ebitda and cfo need to be adjusted to compare them with peers.  Rent expense is a big item on 126 locations so cannot be ignored.  Also another reason ebitda is useless for Qipt.  

 

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