Lotus Eye Hospital & Institute (BOM:532998) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Dec. 2023)

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What is Lotus Eye Hospital & Institute Long-Term Capital Lease Obligation?

Lotus Eye Hospital & Institute's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil.

Lotus Eye Hospital & Institute's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₹0.0 Mil) to Sep. 2023 (₹1.0 Mil) but then declined from Sep. 2023 (₹1.0 Mil) to Dec. 2023 (₹0.0 Mil).

Lotus Eye Hospital & Institute's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (₹1.4 Mil) to Mar. 2022 (₹6.7 Mil) but then declined from Mar. 2022 (₹6.7 Mil) to Mar. 2023 (₹1.9 Mil).

Lotus Eye Hospital & Institute Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lotus Eye Hospital & Institute'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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Lotus Eye Hospital & Institute Long-Term Capital Lease Obligation Chart

Lotus Eye Hospital & Institute Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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1.02

3.99

1.36

6.71

1.92

Lotus Eye Hospital & Institute 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															-	1.92	-	1.00	-

Lotus Eye Hospital & Institute (BOM:532998) 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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Lotus Eye Hospital & Institute (BOM:532998) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Lotus Eye Hospital & Institute Ltd (BOM:532998) » Definitions » Long-Term Capital Lease Obligation

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LOTUSEYE:India

Address

SF No. 770/12, Avinashi Road, Civil Aerodrome Post, Coimbatore, TN, IND, 641 014

Website

https://www.lotuseye.org

Lotus Eye Hospital & Institute Ltd is an India-based eye care hospital. It is engaged in providing treatment and care for eye diseases and disorders. It offers treatment services for eye conditions like refractive error, retina and uvea, cornea, glaucoma, pediatric, orbit and oculoplasty, neuro-ophthalmology, and binocular vision. In addition, the company also operates an eye bank for functioning eye donation activities. The company mainly operates in India and generates revenue by providing medical services, pharmacy sales, and contact lens, and optical, of which the majority of the revenue is derived from providing segmmedical services.

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