CorVel (CorVel) Long-Term Capital Lease Obligation : $23.1 Mil (As of Dec. 2023)

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What is CorVel Long-Term Capital Lease Obligation?

CorVel's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $23.1 Mil.

CorVel's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($22.9 Mil) to Sep. 2023 ($25.0 Mil) but then declined from Sep. 2023 ($25.0 Mil) to Dec. 2023 ($23.1 Mil).

CorVel's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($41.9 Mil) to Mar. 2022 ($29.8 Mil) and declined from Mar. 2022 ($29.8 Mil) to Mar. 2023 ($23.9 Mil).

CorVel Long-Term Capital Lease Obligation Historical Data

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

CorVel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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85.10

41.90

29.79

23.86

CorVel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															25.77	23.86	22.86	25.05	23.08

CorVel (NAS:CRVL) 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.

CorVel Long-Term Capital Lease Obligation Related Terms

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CorVel (CorVel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » CorVel Corp (NAS:CRVL) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

5128 Apache Plume Road, Suite 400, Fort Worth, TX, USA, 76109

Website

https://www.corvel.com

CorVel Corp applies technology including artificial intelligence, machine learning and natural language processing to enhance the managing of episodes of care and the related health care costs. It partners with employers, third-party administrators, insurance companies and government agencies in managing worker's compensation and health, auto and liability services. The company's solutions combine integrated technologies with a human touch. CorVel's customized services, delivered locally, are backed by a national team to support clients as well as their customers and patients.

Executives

Brandon O'brien	officer: Chief Financial Officer	2010 MAIN STREET, SUITE 600, IRVINE CA 92614
V Gordon Clemons	director, officer: Chairman of the Board	2010 MAIN STREET, STE 600, IRVINE CA 92614
Steven J Hamerslag	director	PO BOX 7227, RANCHO SANTA FE CA 92067
Maxim Shishin	officer: Chief Information Officer	2010 MAIN STREET, SUITE 600, IRVINE CA 92614
Michael G Combs	officer: Chief Information Officer	2010 MAIN STREET, SUITE 600, IRVINE CA 92614
Jean Macino	director	2010 MAIN STREET, SUITE 600, IRVINE CA 92614
R Judd Jessup	director	30962 VIA SERENIDAD, COTO DE CAZA CA 92679
Mark E. Bertels	officer: EVP - Risk Management Services	1920 MAIN STREET, SUITE 900, IRVINE CA 92614
Corstar Holdings Inc	10 percent owner	2010 MAIN STREET STE 800, IRVINE CA 92614
Jennifer Yoss	officer: Vice President of Accounting	2010 MAIN STREET, SUITE 600, IRVINE CA 92614
Gregory A. Dorn	officer: Division President	1920 MAIN STREET, SUITE 900, IRVINE CA 92614
Jeffrey J Michael	director	2010 MAIN STREET STE 600, IRVINE CA 92614
Alan Hoops	director	2010 MAIN ST STE 600, IRVINE CA 92614
Diane Blaha	officer: Sr. VP of Sales & Account Mgmt	2010 MAIN STREET, SUITE 600, IRVINE CA 92614
Michael Saverien	officer: Exec. VP, Risk Mgmt. Services	2010 MAIN STREET, SUITE 600, IRVINE CA 92614