Laboratory of America Holdings (FRA:LAB) Long-Term Capital Lease Obligation : €646 Mil (As of Mar. 2024)

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What is Laboratory of America Holdings Long-Term Capital Lease Obligation?

Laboratory of America Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €646 Mil.

Laboratory of America Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€696 Mil) to Dec. 2023 (€667 Mil) and declined from Dec. 2023 (€667 Mil) to Mar. 2024 (€646 Mil).

Laboratory of America Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€643 Mil) to Dec. 2022 (€695 Mil) but then declined from Dec. 2022 (€695 Mil) to Dec. 2023 (€667 Mil).

Laboratory of America Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Laboratory of America Holdings'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.

* Premium members only.

Laboratory of America Holdings Long-Term Capital Lease Obligation Chart

Laboratory of America Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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618.93

626.36

643.48

695.26

667.12

Laboratory of America Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															700.78	650.90	695.82	667.12	645.56

Laboratory of America Holdings (FRA:LAB) 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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Laboratory of America Holdings (FRA:LAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Laboratory Corp of America Holdings (FRA:LAB) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

LH:USA LH:Mexico L1CA34:Brazil

Address

358 South Main Street, Burlington, NC, USA, 27215

Website

https://www.labcorp.com

Laboratory Corp. of America is one of the nation's two largest independent clinical laboratories, with roughly 20% of the independent lab market. The company operates approximately 2,000 patient-service centers, offering a broad range of 5,000 clinical lab tests, ranging from routine blood and urine screens to complex oncology and genomic testing.