P3 Health Partners (P3 Health Partners) Long-Term Capital Lease Obligation : $13 Mil (As of Mar. 2024)

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What is P3 Health Partners Long-Term Capital Lease Obligation?

P3 Health Partners's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $13 Mil.

P3 Health Partners's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($14 Mil) to Dec. 2023 ($14 Mil) but then declined from Dec. 2023 ($14 Mil) to Mar. 2024 ($13 Mil).

P3 Health Partners's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($6 Mil) to Dec. 2022 ($12 Mil) and increased from Dec. 2022 ($12 Mil) to Dec. 2023 ($14 Mil).

P3 Health Partners Long-Term Capital Lease Obligation Historical Data

The historical data trend for P3 Health Partners'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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P3 Health Partners Long-Term Capital Lease Obligation Chart

P3 Health Partners Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.41

3.63

6.30

11.52

13.62

P3 Health Partners Quarterly Data
	Dec18	Dec19	Jun20	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												12.82	11.80	13.56	13.62	12.94

P3 Health Partners (NAS:PIII) 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.

P3 Health Partners Long-Term Capital Lease Obligation Related Terms

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P3 Health Partners (P3 Health Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » P3 Health Partners Inc (NAS:PIII) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2370 Corporate Circle, Suite 300, Henderson, NV, USA, 89074

Website

https://www.p3hp.org

P3 Health Partners Inc is a patient-centered and physician-led population health management company. P3's model aggregates and supports the community's existing healthcare resources to build a network of community providers working together to deliver highly coordinated and integrated care to patients with a shared commitment to improving patient outcomes, lowering cost, and delivering a better experience for all.

Executives

Chicago Pacific Founders Ugp Iii, Llc	10 percent owner	980 NORTH MICHIGAN AVENUE, SUITE 1998, CHICAGO IL 60611
Atul Kavthekar	officer: Chief Financial Officer	4100 S. SAGINAW STREET, FLINT MI 48507
Sherif Abdou	director, officer: Chief Executive Officer	C/O P3 HEALTH GROUP HOLDINGS, LLC, 2370 CORPORATE CIRCLE, SUITE 300, HENDERSON NV 89074
Chicago Pacific Founders Gp Iii, L.p.	10 percent owner	980 NORTH MICHIGAN AVENUE, SUITE 1998, CHICAGO IL 60611
Chicago Pacific Founders Ugp, Llc	10 percent owner	980 N. MICHIGAN AVENUE, SUITE 1998, CHICAGO IL 60611
Leavitt Equity Partners Ii, L.p.	10 percent owner	299 SOUTH MAIN STREET SUITE 2300, SALT LAKE CITY UT 84111
Leavitt Legacy, Llc	10 percent owner	299 SOUTH MAIN STREET, SUITE 2300, SALT LAKE CITY UT 84111
Leavitt Equity Partners Ii, Llc	10 percent owner	299 SOUTH MAIN STREET SUITE 2300, SALT LAKE CITY UT 84111
Lep Management Llc	10 percent owner	299 SOUTH MAIN STREET, SUITE 2300, SALT LAKE CITY UT 84111
Taylor S. Leavitt	10 percent owner	299 SOUTH MAIN STREET, SUITE 2300, SALT LAKE CITY UT 84111
Leavitt Equity Partners Iii, L.p.	10 percent owner, other: See Remarks	299 SOUTH MAIN STREET, SUITE 2300, SALT LAKE CITY UT 84111
Leavitt Equity Partners Iii, Llc	10 percent owner, other: See Remarks	299 SOUTH MAIN STREET, SUITE 2300, SALT LAKE CITY UT 84111
Cpf Iii-a Pt Spv, Llc	10 percent owner	980 NORTH MICHIGAN AVENUE, SUITE 1998, CHICAGO IL 60611
Cpf Iii Pt Spv, Llc	10 percent owner	980 NORTH MICHIGAN AVENUE, SUITE 1998, CHICAGO IL 60611
Erin Darakjian	officer: Interim CFO, Senior VP & CAO	C/O P3 HEALTH PARTNERS INC., 2370 CORPORATE CIRCLE, SUITE 300, HENDERSON NV 89074