Hangzhou Minsheng Healthcare Co (SZSE:301507) Long-Term Capital Lease Obligation : ¥0.8 Mil (As of Mar. 2024)

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What is Hangzhou Minsheng Healthcare Co Long-Term Capital Lease Obligation?

Hangzhou Minsheng Healthcare Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.8 Mil.

Hangzhou Minsheng Healthcare Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥1.4 Mil) to Dec. 2023 (¥1.1 Mil) and declined from Dec. 2023 (¥1.1 Mil) to Mar. 2024 (¥0.8 Mil).

Hangzhou Minsheng Healthcare Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥2.6 Mil) to Dec. 2022 (¥2.1 Mil) and declined from Dec. 2022 (¥2.1 Mil) to Dec. 2023 (¥1.1 Mil).

Hangzhou Minsheng Healthcare Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hangzhou Minsheng Healthcare 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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Hangzhou Minsheng Healthcare Co Long-Term Capital Lease Obligation Chart

Hangzhou Minsheng Healthcare Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.39

2.60

2.07

1.09

Hangzhou Minsheng Healthcare Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									-	1.75	1.44	1.09	0.84

Hangzhou Minsheng Healthcare Co (SZSE:301507) 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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Hangzhou Minsheng Healthcare Co (SZSE:301507) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hangzhou Minsheng Healthcare Co Ltd (SZSE:301507) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 101, Xintian Road, Donghu Street, Linping, Zhejiang, Hangzhou, CHN, 311100

Website

http://www.21vita.com

Hangzhou Minsheng Healthcare Co Ltd focuses on the field of vitamin and mineral supplements and is a high-tech enterprise integrating research and development, production and sales of vitamin and mineral over-the-counter drugs and health food. The company's current main product is 21 Golden Vita multi-dimensional element tablets (21).

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