Third Age Health Services (NZSE:TAH) Long-Term Capital Lease Obligation : NZ$2.40 Mil (As of Mar. 2024)

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What is Third Age Health Services Long-Term Capital Lease Obligation?

Third Age Health Services's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$2.40 Mil.

Third Age Health Services's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (NZ$2.76 Mil) to Sep. 2023 (NZ$0.00 Mil) but then increased from Sep. 2023 (NZ$0.00 Mil) to Mar. 2024 (NZ$2.40 Mil).

Third Age Health Services's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (NZ$0.98 Mil) to Mar. 2023 (NZ$2.76 Mil) but then declined from Mar. 2023 (NZ$2.76 Mil) to Mar. 2024 (NZ$2.40 Mil).

Third Age Health Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Third Age Health 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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Third Age Health Services Long-Term Capital Lease Obligation Chart

Third Age Health Services Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

0.18

0.98

2.76

2.40

Third Age Health Services Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.98	-	2.76	-	2.40

Third Age Health Services (NZSE:TAH) 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.

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Third Age Health Services (NZSE:TAH) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Third Age Health Services Ltd (NZSE:TAH) » Definitions » Long-Term Capital Lease Obligation

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Address

536 Kennedy Road, Greenmeadows, Napier, NZL, 4112

Website

https://www.thirdagehealth.co.nz

Third Age Health Services Ltd is engaged in providing health care services to older adults residing in Aged Residential Care. Its services include 24/7 access to a doctor, Regular, scheduled rounds by a Practitioner, and Guaranteed locum cover.