Centene (BSP:C1NC34) Long-Term Capital Lease Obligation : R$4,312 Mil (As of Dec. 2023)

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What is Centene Long-Term Capital Lease Obligation?

Centene's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$4,312 Mil.

Centene's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (R$15,391 Mil) to Sep. 2023 (R$4,623 Mil) and declined from Sep. 2023 (R$4,623 Mil) to Dec. 2023 (R$4,312 Mil).

Centene's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (R$20,465 Mil) to Dec. 2022 (R$16,434 Mil) and declined from Dec. 2022 (R$16,434 Mil) to Dec. 2023 (R$4,312 Mil).

Centene Long-Term Capital Lease Obligation Historical Data

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

Centene Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2,553.00

20,465.08

16,433.84

4,311.82

Centene 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															16,433.84	16,375.84	15,391.08	4,622.62	4,311.82

Centene (BSP:C1NC34) 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.

Centene Long-Term Capital Lease Obligation Related Terms

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Centene (BSP:C1NC34) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Centene Corp (BSP:C1NC34) » Definitions » Long-Term Capital Lease Obligation

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CNC:USA CNC:Mexico 1CNC:Italy QEN:Germany

Address

7700 Forsyth Boulevard, Centene Plaza, St. Louis, MO, USA, 63105

Website

https://www.centene.com

Centene is a managed-care organization focused on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. Centene served 24 million medical members as of June 2023, mostly in Medicaid (67% of membership), the individual exchanges (14%), and Medicare Advantage (6%) plans. The company also serves traditional Medicare users with its Medicare Part D pharmaceutical program.

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