CareMax (CareMax) Long-Term Capital Lease Obligation : $78.4 Mil (As of Mar. 2024)

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What is CareMax Long-Term Capital Lease Obligation?

CareMax's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $78.4 Mil.

CareMax's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($117.7 Mil) to Dec. 2023 ($97.1 Mil) and declined from Dec. 2023 ($97.1 Mil) to Mar. 2024 ($78.4 Mil).

CareMax's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.0 Mil) to Dec. 2022 ($96.5 Mil) and increased from Dec. 2022 ($96.5 Mil) to Dec. 2023 ($97.1 Mil).

CareMax Long-Term Capital Lease Obligation Historical Data

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

CareMax Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

96.54

97.14

CareMax Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											106.29	116.19	117.67	97.14	78.42

CareMax (NAS:CMAX) 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.

CareMax Long-Term Capital Lease Obligation Related Terms

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CareMax (CareMax) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CareMax Inc (NAS:CMAX) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

1000 NW 57th Court, Suite 400, Miami, FL, USA, 33126

Website

https://www.caremax.com

CareMax Inc is a technology-enabled care platform providing value-based care and chronic disease management to seniors. It operates various owned medical centers that offer a comprehensive suite of healthcare and social services and a proprietary software and services platform that provides data, analytics, and rules-based decision tools/workflows for physicians across the United States.

Executives

Bryan Cho	director	30 HUDSON YARDS, 72ND FLOOR, NEW YORK NY 10001
De La Torre Ralph	director, 10 percent owner	4939 BROOKVIEW DRIVE, DALLAS TX 75220
Ryan Oquinn	director	1000 NW 57 COURT, SUITE 400, MIAMI FL 33126
Kevin Berg	director	345 PARK AVENUE SOUTH, 12TH FLOOR, NEW YORK NY 10010
Beatriz Maria Assapimonwait	director	1000 NW 57 CT., SUITE 400, MIAMI FL 33126
Vincent Omachonu	director	1000 NW 57 CT., SUITE 400, MIAMI FL 33126
Jose Ramon Rodriguez	director	PRIMORIS SERVICES CORPORATION, 2300 NORTH FIELD STREET, SUITE 1900, DALLAS TX 75201
Related Cm Advisor, Llc	director	30 HUDSON YARDS, 72ND FLOOR, NEW YORK NY 10001
Imc Holdings, Lp	10 percent owner	525 OKEECHOBEE BOULEVARD, SUITE 1050, WEST PALM BEACH FL 33401
William C. Lamoreaux	officer: EVP	1000 NW 57 CT., SUITE 400, MIAMI FL 33126
Kevin Wirges	officer: EVP, Treasurer and CFO	1000 NW 57 CT., SUITE 400, MIAMI FL 33126
De Solo Carlos A.	director, officer: President and CEO	1000 NW 57 CT., SUITE 400, MIAMI FL 33126
Randy Simpson	director	C/O GLENVIEW CAPITAL MANAGEMENT, LLC, 767 FIFTH AVENUE, 44TH FLOOR, NEW YORK NY 10153
Solo Alberto De	officer: EVP and COO	1000 NW 57 CT., SUITE 400, MIAMI FL 33126
Jennifer L. Carter	director	C/O DFP SPONSOR LLC, 780 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017