Adicon Holdings (Adicon Holdings) Long-Term Capital Lease Obligation : $21.4 Mil (As of Dec. 2023)

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What is Adicon Holdings Long-Term Capital Lease Obligation?

Adicon Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $21.4 Mil.

Adicon Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($26.2 Mil) to Jun. 2023 ($22.1 Mil) and declined from Jun. 2023 ($22.1 Mil) to Dec. 2023 ($21.4 Mil).

Adicon Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($23.0 Mil) to Dec. 2022 ($26.2 Mil) but then declined from Dec. 2022 ($26.2 Mil) to Dec. 2023 ($21.4 Mil).

Adicon Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Adicon Holdings'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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Adicon Holdings Long-Term Capital Lease Obligation Chart

Adicon Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

19.84

22.97

26.17

21.44

Adicon Holdings Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			22.97	-	26.17	22.09	21.44

Adicon Holdings (OTCPK:ADCNF) 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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Adicon Holdings (Adicon Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Adicon Holdings Ltd (OTCPK:ADCNF) » Definitions » Long-Term Capital Lease Obligation

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09860:Hong Kong

Address

No. 208, Zhenzhong Road, West Lake, Zhejiang, Hangzhou, CHN

Website

https://www.adicon.com.cn

Adicon Holdings Ltd is one of the top three independent clinical laboratory or ICL, service providers in China. The company offers comprehensive and best-in-class testing services primarily to hospitals and health check centers through an integrated network of 33 self-operated laboratories across China. The high quality of its services is backed by its strong performance in terms of international accreditation and comprehensive testing menu. Its testing portfolio consists of over 4,000 medical diagnostic tests, including over 1,700 routine tests and over 2,300 esoteric tests. It has three major service platforms. Among them, the inspection service platform consists of clinical, pathology, reproductive genetic, genetic, and mass spectrometry laboratories.

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