Community Health Systems (Community Health Systems) Long-Term Capital Lease Obligation : $546 Mil (As of Mar. 2024)

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What is Community Health Systems Long-Term Capital Lease Obligation?

Community Health Systems's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $546 Mil.

Community Health Systems's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($560 Mil) to Dec. 2023 ($563 Mil) but then declined from Dec. 2023 ($563 Mil) to Mar. 2024 ($546 Mil).

Community Health Systems's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($535 Mil) to Dec. 2022 ($605 Mil) but then declined from Dec. 2022 ($605 Mil) to Dec. 2023 ($563 Mil).

Community Health Systems Long-Term Capital Lease Obligation Historical Data

The historical data trend for Community Health Systems'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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Community Health Systems Long-Term Capital Lease Obligation Chart

Community Health Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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487.00

524.00

535.00

605.00

563.00

Community Health Systems 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															588.00	580.00	560.00	563.00	546.00

Community Health Systems (NYSE:CYH) 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.

Community Health Systems Long-Term Capital Lease Obligation Related Terms

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Community Health Systems (Community Health Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Community Health Systems Inc (NYSE:CYH) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CG5:Germany

Address

4000 Meridian Boulevard, Franklin, TN, USA, 37067

Website

https://www.chs.net

Community Health Systems Inc is the largest publicly owned hospital operator in the United States. The company owns or leases over 83 hospitals located in nonurban and urban markets. The company also owns four home health agencies and provides management and consulting services to independent hospitals. The firm derives revenue through a broad range of general and specialized hospital healthcare services and outpatient services.

Executives

Wayne T Smith	director, officer: Executive Officer and Director	500 WEST MAIN STREET, LOUISVILLE KY 40202
Charles J Cova	officer: Regional President	4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Burgess Ronald L Jr	director	4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Ely James S. Iii	director	4000 MERIDIAN BLVD, FRANKLIN TN 37067
Susan W Brooks	director	200 EAST JACKSON ST, MUNCIE IN 47305
Justin D Pitt	officer: EVP and General Counsel	4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Joseph Arthur Hastings	director	1573 MALLORY LANE, SUITE 100, BRENTWOOD TN 37027
John A Fry	director	C/O DELAWARE INVESTMENTS, 2005 MARKET ST. 34TH FL., PHILADELPHIA PA 19103
William Norris Jennings	director	509 ALTA GATE ROAD, LOUISVILLE KY 40206
Chad A Campbell	officer: Regional President	4000 MERIDIAN BLVD, FRANKLIN TN 37067
David E Nicely	officer: Regional President	4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Kevin A Stockton	officer: Regional President	4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Mark B Medley	officer: Regional President	4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Austen D Mason	officer: Regional President	4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Tian Qiao Chen	10 percent owner	2735 SAND HILL ROAD, #140, MENLO PARK CA 94025