Clover Health Investments (STU:7QD) Long-Term Capital Lease Obligation : €2 Mil (As of Jun. 2024)

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What is Clover Health Investments Long-Term Capital Lease Obligation?

Clover Health Investments's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was €2 Mil.

Clover Health Investments's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (€3 Mil) to Mar. 2024 (€3 Mil) and declined from Mar. 2024 (€3 Mil) to Jun. 2024 (€2 Mil).

Clover Health Investments's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€4 Mil) to Dec. 2022 (€4 Mil) and declined from Dec. 2022 (€4 Mil) to Dec. 2023 (€3 Mil).

Clover Health Investments Long-Term Capital Lease Obligation Historical Data

The historical data trend for Clover Health Investments'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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Clover Health Investments Long-Term Capital Lease Obligation Chart

Clover Health Investments Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

5.22

4.28

3.81

2.75

Clover Health Investments Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														3.33	3.09	2.75	2.50	2.34

Clover Health Investments (STU:7QD) 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.

Clover Health Investments Long-Term Capital Lease Obligation Related Terms

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Clover Health Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Clover Health Investments Corp (STU:7QD) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CLOV:USA 7QD:Germany

Address

3401 Mallory Lane, Suite 210, Franklin, TN, USA, 37067

Website

https://www.cloverhealth.com

Clover Health Investments Corp is a healthcare technology company. It focuses on empowering Medicare physicians to proactively manage chronic diseases through its proprietary software platform, Clover Assistant. This cloud-based solution provides personalized insights to physicians, enabling early detection and management of chronic conditions. Operating in two segments, Insurance and Non-Insurance, Clover Health offers PPO and HMO plans to Medicare Advantage members in multiple states through its Insurance segment. In the Non-Insurance segment, the company participates in the ACO REACH Model. The majority of revenue is generated from the insurance segment, reflecting the significance of its healthcare insurance offerings.

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