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Medi Assist Healthcare Services (NSE:MEDIASSIST) Long-Term Capital Lease Obligation : ₹153 Mil (As of Mar. 2024)


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What is Medi Assist Healthcare Services Long-Term Capital Lease Obligation?

Medi Assist Healthcare Services's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹153 Mil.

Medi Assist Healthcare Services's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (₹187 Mil) to Sep. 2023 (₹168 Mil) and declined from Sep. 2023 (₹168 Mil) to Mar. 2024 (₹153 Mil).

Medi Assist Healthcare Services's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹175 Mil) to Mar. 2023 (₹187 Mil) but then declined from Mar. 2023 (₹187 Mil) to Mar. 2024 (₹153 Mil).

Medi Assist Healthcare Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Medi Assist Healthcare Services'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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Medi Assist Healthcare Services Long-Term Capital Lease Obligation Chart

Medi Assist Healthcare Services Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
256.76 175.20 186.90 152.66

Medi Assist Healthcare Services Semi-Annual Data
Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 175.20 - 186.90 168.12 152.66

Medi Assist Healthcare Services  (NSE:MEDIASSIST) 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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Medi Assist Healthcare Services (NSE:MEDIASSIST) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Medi Assist Healthcare Services Ltd (NSE:MEDIASSIST) » Definitions » Long-Term Capital Lease Obligation
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Medi Assist Healthcare Services Ltd is a HealthTech and InsurTech company focused on administering health benefits across employers, retail members, and public health schemes. Its clients are insurance companies and also serve as an intermediary between (a) general and health insurance companies and the insured members, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes. The company derives income by providing health management services, software subscription, software license services, consultancy services and other allied services pertaining to healthcare and health insurance sector. It also offers business support services and other technical services.

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