Raffles Medical Group (FRA:02M1) Long-Term Capital Lease Obligation : €19.1 Mil (As of Dec. 2023)

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What is Raffles Medical Group Long-Term Capital Lease Obligation?

Raffles Medical Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €19.1 Mil.

Raffles Medical Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€9.4 Mil) to Jun. 2023 (€7.7 Mil) but then increased from Jun. 2023 (€7.7 Mil) to Dec. 2023 (€19.1 Mil).

Raffles Medical Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€8.9 Mil) to Dec. 2022 (€9.4 Mil) and increased from Dec. 2022 (€9.4 Mil) to Dec. 2023 (€19.1 Mil).

Raffles Medical Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Raffles Medical Group'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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Raffles Medical Group Long-Term Capital Lease Obligation Chart

Raffles Medical Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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16.27

13.76

8.88

9.39

19.08

Raffles Medical Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															8.88	8.00	9.39	7.74	19.08

Raffles Medical Group (FRA:02M1) 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.

Raffles Medical Group Long-Term Capital Lease Obligation Related Terms

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Raffles Medical Group (FRA:02M1) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Raffles Medical Group Ltd (FRA:02M1) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

RAFLF:USA BSL:Singapore

Address

585 North Bridge Road, No. 11-00, Raffles Hospital, Singapore, SGP, 188770

Website

https://www.rafflesmedicalgroup.com

Raffles Medical Group Ltd is an integrated private healthcare provider in Asia with operations in Singapore, China, Japan, Vietnam, and Cambodia. The company owns and operates a tertiary hospital, a network of medical and dental clinics, insurance services, Japanese and Traditional Chinese Medicine clinics, and a consumer healthcare division. The Hospital services segment provides medical services and operates hospitals, medical laboratories, and imaging centers. The Healthcare Services segment operates medical clinics and other general medical services, provides health insurance, trades pharmaceutical and nutraceutical products and diagnostic equipment, and provides management and consultancy services. The Investment holding segment involves investment in properties.

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