PACS Group (PACS Group) Long-Term Capital Lease Obligation : $2,123.9 Mil (As of Mar. 2024)

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What is PACS Group Long-Term Capital Lease Obligation?

PACS Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2,123.9 Mil.

PACS Group's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 ($0.0 Mil) to Dec. 2023 ($1,962.0 Mil) and increased from Dec. 2023 ($1,962.0 Mil) to Mar. 2024 ($2,123.9 Mil).

PACS Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.0 Mil) to Dec. 2022 ($1,304.8 Mil) and increased from Dec. 2022 ($1,304.8 Mil) to Dec. 2023 ($1,962.0 Mil).

PACS Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for PACS 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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PACS Group Long-Term Capital Lease Obligation Chart

PACS Group Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1,304.78

1,962.00

PACS Group Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Long-Term Capital Lease Obligation	-	1,304.78	-	1,962.00	2,123.87

PACS Group (NYSE:PACS) 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.

PACS Group Long-Term Capital Lease Obligation Related Terms

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PACS Group (PACS Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » PACS Group Inc (NYSE:PACS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

262 N. University Avenue, Farmington, UT, USA, 84025

Website

https://www.pacs.com

PACS Group Inc is a post-acute healthcare company primarily focused on delivering high-quality skilled nursing care through a portfolio of independently operated facilities Its is a nursing providers in the United States based on number of facilities, with over 200 post-acute care facilities across nine states serving over 20,000 patients daily. It also provide senior care, assisted living, and independent living options in some of communities.

PACS Group (PACS Group) Headlines

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