Galenica (Galenica) Long-Term Capital Lease Obligation : $215 Mil (As of Dec. 2023)

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What is Galenica Long-Term Capital Lease Obligation?

Galenica's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $215 Mil.

Galenica's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($196 Mil) to Jun. 2023 ($207 Mil) and increased from Jun. 2023 ($207 Mil) to Dec. 2023 ($215 Mil).

Galenica's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($188 Mil) to Dec. 2022 ($196 Mil) and increased from Dec. 2022 ($196 Mil) to Dec. 2023 ($215 Mil).

Galenica Long-Term Capital Lease Obligation Historical Data

The historical data trend for Galenica'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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Galenica Long-Term Capital Lease Obligation Chart

Galenica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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186.01

192.25

188.20

196.44

214.57

Galenica Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													188.20	190.80	196.44	206.80	214.57

Galenica (OTCPK:GALNF) 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.

Galenica Long-Term Capital Lease Obligation Related Terms

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Galenica (Galenica) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Galenica Ltd. (OTCPK:GALNF) » Definitions » Long-Term Capital Lease Obligation

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GALEz:UK GALE:Switzerland

Address

Untermattweg 8, Bern, CHE, 3027

Website

https://www.galenica.com

Galenica Ltd is an integrated healthcare service provider in Switzerland. The business is primarily operated from two segments Products & Care and Logistics & IT. The Products & Care segment comprises the Retail business area with offerings for patients and end customers and the Professionals business area with offerings for business customers and partners in the healthcare sector. The Logistics & IT segment comprises the two sectors Wholesale and Logistics & IT Services. These provide services for all those involved in the healthcare sector - pharmacies, drugstores, doctors, hospitals and care homes, partners and suppliers.