Oceania Healthcare (NZSE:OCA) Long-Term Capital Lease Obligation : NZ$11.2 Mil (As of Mar. 2024)

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What is Oceania Healthcare Long-Term Capital Lease Obligation?

Oceania Healthcare's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$11.2 Mil.

Oceania Healthcare's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (NZ$4.8 Mil) to Sep. 2023 (NZ$0.0 Mil) but then increased from Sep. 2023 (NZ$0.0 Mil) to Mar. 2024 (NZ$11.2 Mil).

Oceania Healthcare's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (NZ$9.9 Mil) to Mar. 2023 (NZ$4.8 Mil) but then increased from Mar. 2023 (NZ$4.8 Mil) to Mar. 2024 (NZ$11.2 Mil).

Oceania Healthcare Long-Term Capital Lease Obligation Historical Data

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

Oceania Healthcare Annual Data

Trend

May17

May18

May19

May20

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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3.92

13.00

9.89

4.80

11.21

Oceania Healthcare Semi-Annual Data
	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									9.89	-	4.80	-	11.21

Oceania Healthcare (NZSE:OCA) 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.

Oceania Healthcare Long-Term Capital Lease Obligation Related Terms

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Oceania Healthcare (NZSE:OCA) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Oceania Healthcare Ltd (NZSE:OCA) » Definitions » Long-Term Capital Lease Obligation

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OCA:Australia

Address

80 Queen Street, Level 11, Deloitte Building, Auckland, NTL, NZL, 1010

Website

https://www.oceaniahealthcare.co.nz

Oceania Healthcare Ltd owns and operates rest homes and retirement villages. The business activities of the group are operated through care operations, village operations, and Other segments. It generates maximum revenue from the care operations segment which includes traditional care beds and care suites as well as provision of accommodation, care and care packages, meals, and related services to aged care residents. Geographically it operates through New Zealand. The company derives revenue from Rest home, hospital, dementia fees, Village service fees, Rental income, and others.