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Akso Health Group (FRA:8HX) Long-Term Capital Lease Obligation : €0.00 Mil (As of Sep. 2023)


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What is Akso Health Group Long-Term Capital Lease Obligation?

Akso Health Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was €0.00 Mil.


Akso Health Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Akso Health Group'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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Akso Health Group Long-Term Capital Lease Obligation Chart

Akso Health Group Annual Data
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Akso Health Group Semi-Annual Data
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Akso Health Group  (FRA:8HX) 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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Akso Health Group (FRA:8HX) Business Description

Industry
Traded in Other Exchanges
Address
No. 44, Moscow Road, Qianwan Bonded Port Area, Room 8201-4-4(A), 2nd Floor, Qiantongyuan Building, Qingdao Pilot Free Trade Zone, Shandong, CHN
Akso Health Group formerly Xiaobai Maimai Inc is a social e-commerce platform based in China. The company collaborates with domestic e-commerce platforms and offers users a wide selection of high-quality and affordable products on its social e-commerce platform. It operates in two segments namely online marketplace and health devices. It generates the majority of revenue from the health devices segment.

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