Medical Facilities (Medical Facilities) Long-Term Capital Lease Obligation : $38.2 Mil (As of Mar. 2024)

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What is Medical Facilities Long-Term Capital Lease Obligation?

Medical Facilities's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $38.2 Mil.

Medical Facilities's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($40.6 Mil) to Dec. 2023 ($38.6 Mil) and declined from Dec. 2023 ($38.6 Mil) to Mar. 2024 ($38.2 Mil).

Medical Facilities's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($51.8 Mil) to Dec. 2022 ($47.2 Mil) and declined from Dec. 2022 ($47.2 Mil) to Dec. 2023 ($38.6 Mil).

Medical Facilities Long-Term Capital Lease Obligation Historical Data

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

Medical Facilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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51.98

55.19

51.84

47.18

38.55

Medical Facilities 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															44.93	42.74	40.63	38.55	38.18

Medical Facilities (OTCPK:MFCSF) 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.

Medical Facilities Long-Term Capital Lease Obligation Related Terms

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Medical Facilities (Medical Facilities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Medical Facilities Corp (OTCPK:MFCSF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

31F:Germany DR:Canada

Address

4576 Yonge Street, Suite 701, Toronto, ON, CAN, M2N 6N4

Website

https://www.medicalfacilitiescorp.ca

Medical Facilities Corp owns a diverse portfolio of surgical facilities in the United States. Through its wholly-owned subsidiaries, the company owns controlling interests in four specialty hospitals and six ambulatory surgery centers. The hospitals offer a range of non-emergency surgical, imaging, diagnostic and pain management procedures, and other ancillary services. Its key revenue source is from the facility service income. The corporation's operations are based in the United States.

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