Artemis Medicare Services (BOM:542919) Long-Term Capital Lease Obligation : ₹585 Mil (As of Mar. 2024)

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What is Artemis Medicare Services Long-Term Capital Lease Obligation?

Artemis Medicare Services's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹585 Mil.

Artemis Medicare Services's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹573 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹585 Mil).

Artemis Medicare Services's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹150 Mil) to Mar. 2023 (₹394 Mil) and increased from Mar. 2023 (₹394 Mil) to Mar. 2024 (₹585 Mil).

Artemis Medicare Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Artemis Medicare 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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Artemis Medicare Services Long-Term Capital Lease Obligation Chart

Artemis Medicare Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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139.51

164.72

149.56

393.67

585.46

Artemis Medicare Services 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															393.67	-	573.48	-	585.46

Artemis Medicare Services (BOM:542919) 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.

Artemis Medicare Services Long-Term Capital Lease Obligation Related Terms

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Artemis Medicare Services (BOM:542919) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Artemis Medicare Services Ltd (BOM:542919) » Definitions » Long-Term Capital Lease Obligation

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Address

Artemis Hospital, Sector 51, Gurugram, HR, IND, 122001

Website

https://www.artemishospitals.com

Artemis Medicare Services Ltd is engaged in managing and operating multi-specialty hospitals. The hospital provides treatments for Allergy and Immunology, Blood (Haematology), Bones, Muscles and Joints (Orthopaedics), Brain, Spine and Nervous System, Cancer (Oncology), Circulatory (Vascular), Digestive (Gastroenterology), Endocrine, Diabetes And Metabolism, Dermatology, Heart (Cardiology), Infectious Diseases, Kidneys (Renal), Lung (Pulmonary), Mouth, Teeth And Face (Oral And Maxillofacial), Obstetrics And Gynecology, Psychiatry, Rheumatology (Arthritis And Joint Disease), Surgery, and Urology. The group derives revenue primarily from offering healthcare services and has a business presence in India and Outside India.

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