CVS Health (FRA:CVS) Long-Term Capital Lease Obligation : €14,483 Mil (As of Mar. 2024)

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What is CVS Health Long-Term Capital Lease Obligation?

CVS Health's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €14,483 Mil.

CVS Health's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€15,405 Mil) to Dec. 2023 (€14,703 Mil) and declined from Dec. 2023 (€14,703 Mil) to Mar. 2024 (€14,483 Mil).

CVS Health's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€16,087 Mil) to Dec. 2022 (€15,859 Mil) and declined from Dec. 2022 (€15,859 Mil) to Dec. 2023 (€14,703 Mil).

CVS Health Long-Term Capital Lease Obligation Historical Data

The historical data trend for CVS Health'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.

CVS Health Long-Term Capital Lease Obligation Chart

CVS Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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17,033.40

15,418.25

16,086.65

15,859.20

14,703.18

CVS Health 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															15,477.31	15,330.11	15,405.22	14,703.18	14,482.64

CVS Health (FRA:CVS) 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.

CVS Health Long-Term Capital Lease Obligation Related Terms

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CVS Health (FRA:CVS) Business Description

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Address

One CVS Drive, Woonsocket, RI, USA, 02895

Website

https://www.cvshealth.com

CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the U.S. CVS is also the largest pharmacy benefit manager (acquired through Caremark), processing over 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.