Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co (SZSE:300937) Long-Term Capital Lease Obligation : ¥5 Mil (As of Mar. 2024)

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What is Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co Long-Term Capital Lease Obligation?

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5 Mil.

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥2 Mil) to Dec. 2023 (¥5 Mil) and increased from Dec. 2023 (¥5 Mil) to Mar. 2024 (¥5 Mil).

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥6 Mil) to Dec. 2022 (¥3 Mil) but then increased from Dec. 2022 (¥3 Mil) to Dec. 2023 (¥5 Mil).

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical 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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Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co Long-Term Capital Lease Obligation Chart

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.36

5.75

2.54

4.69

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co 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															1.80	2.39	2.19	4.69	4.86

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co (SZSE:300937) 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.

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co Long-Term Capital Lease Obligation Related Terms

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Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co (SZSE:300937) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co Ltd (SZSE:300937) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 18, Youlian 1st Street, 13th Floor, Jinniu District, Sichuan Province, Chengdu, CHN, 610081

Website

https://www.hezongyy.com

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co Ltd provides convenient, efficient and low-cost medical circulation services for the vast community medical terminals and primary medical institutions. It offers various products such as respiratory system, cardiovascular and neurological drugs, biological product, rheumatism and bone injuries and other medicines, cardiovascular and neurological drugs and others.

Executives

Tian Wen Shu	Supervisors
Ai Ying Ping	Director
Lei Qi Gang	Executives
Hao Rui Zhi	Directors, Directors, and Executives

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