Nanjing Sinolife United Co (HKSE:03332) Long-Term Capital Lease Obligation : HK$33.9 Mil (As of Dec. 2023)

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What is Nanjing Sinolife United Co Long-Term Capital Lease Obligation?

Nanjing Sinolife United Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$33.9 Mil.

Nanjing Sinolife United Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$35.0 Mil) to Jun. 2023 (HK$33.6 Mil) but then increased from Jun. 2023 (HK$33.6 Mil) to Dec. 2023 (HK$33.9 Mil).

Nanjing Sinolife United Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$5.6 Mil) to Dec. 2022 (HK$35.0 Mil) but then declined from Dec. 2022 (HK$35.0 Mil) to Dec. 2023 (HK$33.9 Mil).

Nanjing Sinolife United Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nanjing Sinolife United Co'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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Nanjing Sinolife United Co Long-Term Capital Lease Obligation Chart

Nanjing Sinolife United Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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14.48

10.30

5.61

35.05

33.93

Nanjing Sinolife United Co Semi-Annual Data
	Jun14	Dec14	Jun15	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															5.61	3.31	35.05	33.64	33.93

Nanjing Sinolife United Co (HKSE:03332) 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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Nanjing Sinolife United Co (HKSE:03332) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nanjing Sinolife United Co Ltd (HKSE:03332) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

188 Chang Jiang Road, 8th Floor, Deji Building, Block E-2, Xuanwu District, Jiangsu Province, Nanjing, CHN

Website

http://www.zs-united.com

Nanjing Sinolife United Co Ltd is a China-based company, that engages in the manufacturing and sale of nutritional supplements and packaged health food products in the PRC, Australia, and New Zealand. It is also involved in the sale of packaged health food products and the sale of cosmetics and skin care products. The company's products include Good Health, Zhongsheng, Hejian, and Cobayer. The group has a business presence in the PRC, New Zealand, Australia, Vietnam, and other countries, from which it derives a majority of its revenue from China.

Executives

Gui Pinghu	2101 Beneficial owner
Wu Yanmei	2202 Interest of your spouse
Genwealth Group Holding Company Limited	2201 Interest of corporation controlled by you
Hin Sang Group (international) Holding Co. Ltd.	2101 Beneficial owner
Kwan Lai Man	2201 Interest of corporation controlled by you
Pang Siu Hin	2201 Interest of corporation controlled by you

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